Highland County is currently leaning toward sellers, with the market gauge at a moderate seller’s market. Months of supply has risen to 5.7, well above Virginia’s 3.2 months, signaling more options for buyers than in many parts of the state. At the same time, only 2 homes sold in September, so each transaction can have an outsized impact on local statistics.
Prices have moved sharply higher over the past year, with the typical home value up nearly 200 percent and the median list price rising more than 60 percent year over year. Inventory has also expanded, as active listings are up by about one‑third compared with last year, and months of supply has increased more than fourfold. New listings and pending sales both more than tripled from a year ago, pointing to more owners testing the market and more buyers writing offers even in a small sample size.
Signals on pace and negotiation are mixed, which reflects the county’s unique dynamics. Homes are taking about 82 days to sell on a typical basis, similar to a year ago, yet roughly one‑third of properties are still going under contract within two weeks. No homes sold above asking in September, but sellers are still receiving about 96 percent of their list price on average. In a market this small and fast‑shifting, both buyers and sellers can benefit from Agent Pronto connecting them with an experienced local agent to help interpret the data and navigate each deal.
