Jefferson County West Virginia Real Estate Housing Market - August 2007

Here is a snapshot of the current housing market in Jefferson County West Virginia.

As of the 8/14/07 there are 712 current residential active listings in Jefferson County. Currently 75 homes are under contract which equates to 9.5% of the total currently listed homes.

The breakdown of the price ranges looks as follows:

• $200K and under- 88 Homes  
• $200+ - 300K - 221
• $300+ - 400K- 218
• $400+ - 500K- 103
• $500+ - 600K- 37
• $600+ - 45

Of the 712 active listings, 145 have been on the market 180+ days and 226 total at 90-179 days. Almost half of the listings have been on the market for 3 months.

 Here is the breakdown of sold homes in June and July of the last 4 years:

                    2007   2006   2005   2004

• July       48        67      106     111
• June      54       90       105      79

As shown from sales over the past 4 years, 2007 is below that of the previous 3 years and about half of what sold during the peak market of 2005.

Other local market reports:

http://activerain.com/blogsview/172675/Frederick-Maryland-Real-Estate

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* Data obtained from the MLS - Metropolitan Regional Information System (MRIS).