Metropolitan Statistical Area (MSA):
Winchester, VA-WV is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Winchester, VA-WV metropolitan statistical area (MSA) is a hotbed for real estate activity. The region has seen a surge in home sales and prices over the past few years, as buyers from all over the country have flocked to the area in search of affordable housing.
The Winchester MSA is located just outside of Washington, D.C., making it a popular choice for commuters who want to live outside of the city but still have easy access to all that the nation’s capital has to offer. The area is also home to a number of major employers, including government agencies, defense contractors and healthcare organizations.
With its strong economy and convenient location, it’s no wonder that the Winchester MSA has become one of the most sought-after places to live in Virginia. Here’s a closer look at some of the latest real estate trends in the region:
Home Sales are Soaring
The Winchester MSA has seen a boom in home sales over the past few years. In 2017, there were nearly 4,000 homes sold in the region, which was an 8% increase from 2016 and a 20% increase from 2015. This trend shows no signs of slowing down, as buyers continue to be drawn to the area by its strong economy and affordable housing options.
Prices are on the Rise
As demand for housing in the Winchester MSA continues to increase, so too do prices. The median sale price of a home in the region increased 6% from 2016 to 2017, reaching $259,000. This trend is expected to continue as more buyers compete for limited inventory in the area.