R
oanoke Valley Association of Realtors (RVAR) released its September 2025 market snapshot for the Roanoke region. President Julie Kingery noted a seller‑friendly climate, citing limited new‑home construction that has tightened overall inventory. Key figures: 434 contracts closed, 451 homes under contract, average sale price $384,718, median $306,750, and 1,231 homes listed, with 630 new entries this month. Despite the inventory dip, the market remains stable, averaging roughly 438 sales per month in 2025. Kingery highlighted that properties in Roanoke County, Salem, and Botetourt County close in under 90 days, whereas Franklin County often exceeds that timeframe. Mortgage rates are easing, with the 30‑year fixed at 6.12%, potentially encouraging buyers. Monthly average prices stayed flat, peaking in July before settling near the 2025 average of $375,333. Monthly breakdown: Jan 312 units @ $360,789; Feb 306 @ $328,784; Mar 346 @ $359,918; Apr 457 @ $354,529; May 535 @ $369,767; Jun 503 @ $397,790; Jul 543 @ $419,425; Aug 504 @ $402,274; Sep 434 @ $384,718; Avg 438 @ $375,333.