A practical read on how buyers and sellers should see the numbers.
If you are trying to judge the current stance of the market, I would start with the clearest benchmark available. Last month, the typical sold price was $394,500 in Botetourt County, VA, and that gives me a direct frame for how to think about value.
Last month, the typical sold price was $394,500 in Botetourt County, VA. I pair that with the $419,950 typical list price because it shows me how the market is handling the gap between asking and closing.
That gap matters more when homes are still closing at 95.7% of asking. It tells me the market is still rewarding a price that feels believable from the start.
Compare your number to $394,500 first. Then check whether $419,950 is too far above your target. After that, use the 2.61-month supply to decide how quickly you need to act.
