Market Update for Greater Lynchburg Region

Real Estate

Homes sales in the Lynchburg region slowed in June, down from 311 sales in May to 295. The number of listings slightly increased, from 1943 in May to 1962 in June.

According to the real estate web site Zillow, home values are up by .5%; the quarterly change in prices is 1.3%

National Home Values
Current:               $186,100
Monthly Change:      0.5%
Quarterly Change:    1.3%


Annual Change:
5.4%
Negative Equity*:     12.7%


Lynchburg Home Values
Current:                $143,700
Monthly Change:       0%
Quarterly Change:     -0.1%


Annual Change:
1.7%
Negative Equity*:       11.5%


Home Values Forecast
(next 12 months)
National:                 3.1%
Lynchburg Metro:        2.7%

 

* Negative equity data is from 2016Q1.