Tag: market update

Q2 2025 Real Estate Market Report: Augusta County, Staunton, and Waynesboro

The Greater Augusta Association of Realtors just released the Q2 2025 housing market stats — and while the numbers are the same ones every Realtor in our area has, my job is to interpret them so you can make smart decisions whether you’re buying, selling, or just curious about your home’s value.

Inventory Rising

Buyers now have more homes to choose from than this time last year:

  • Augusta County listings up 18% (165 homes)
  • Staunton up 2% (65 homes)
  • Waynesboro up 28% (88 homes)

How Fast Are Homes Selling? If I got a dime for every time I am asked this question…

Days on market tell us how quickly homes are going under contract. Staunton is moving fast — down to just 6 days on average — while Waynesboro has slowed slightly to 11 days. If the price is right-don’t blink or you will miss out.

Price Movements

Prices moved in different directions: Staunton saw a 4% dip in median sales price, creating potential opportunity for buyers. Waynesboro prices rose 5%, great news for sellers. Augusta County prices held steady with a slight 1% bump.

Sales Volume Surge

The big winner in total sold dollar volume is Augusta County, jumping 65% over last year.

Why Does this Matter?

Market trends don’t wait. Whether you’re thinking about listing this fall or buying before rates shift, now’s the time to align your plans with the numbers. Let’s talk about your next move. I don’t have a crystal ball. I cannot tell you exactly what will happen next month, next quarter or even next year. What I can tell you is that numbers matter whether you are listing a property to sell OR looking to buy a home in Staunton, Waynesboro or Augusta County. When you match goals to data closing happen!

Market News That You Can Use

Photo by Liza Summer on Pexels.com

Despite what you may read, hear or see on the news, Americans are buying houses this winter and especially in Staunton, VA.  Housing inventory continues to fall and pending properties/under contract continue to rise..  As I write this post this evening, Monday, February 6th, 2023 our MLS currently has (129) pending/under contract properties and only (73) new listings. While the market is not insanely crazy hot like last year, it is very active.   There were so many naysayers out there that in my humble opinion I think some of those folks are surprised about how the market is maintaining traction. 

The demand for homes in Staunton, Waynesboro Augusta County and the surrounding areas is strong for the current levels of supply.  There are more qualified buyers than there are  active properties/inventory on the market.  The big question on everyone’s mind is will this last?  Who knows?  Depending on your choice for media delivery you will hear arguments supporting the continued market and you will find the naysayer arguments.  You might be better off consulting your Magic 8 Ball.  What I can say is that the best person to ask about the market in your municipality is a local Realtor you know, like and trust.  The person the is elbows and eyeball deep in your local area is the true expert. 

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Straight from the experts at Altos Research: “the first few days of February 2023 available inventory of homes for sale declined by another 1.8% this week to 457,000. It’s not totally unheard of for inventory this early in the year to keep down for a few weeks. This year’s change though is notable because inventory was rising unusually fast in September, October, and November.  if you’re only watching the headlines or if you like to watch  the real estate crash Youtubers you’d be expecting now for inventory to be climbing each week and it’s simply not happening.”  Inventory across the country is declining because we have more buyers than sellers.  What is significant regarding the market is that we continue to see homes that are priced well MOVE.  Let me say that again-homes in our area that are priced well are MOVING.  And not with just one offer.  We continue to homes in locations desired by buyers that are priced well, receive multiple offers and MOVE quickly from “just listed” to “under contract.” Even with the rise of mortgage rates buyers are still buying.  

Why does this matter to you?  As a seller it matters because we have buyers-and if your home is priced well it will move.  As a buyer this means that when a home comes to market, in the location you desire and that home is priced well-you need to be ready to act.  Being ready to act means being pre-approved by a lender, working actively with your buyer’s agent and feeling comfortable with the process of buying.  Stay tuned for that blog post-Buyers Education 101.  Have a great night!