$107K  
The Broadway market may be experiencing an extended pullback, but sales managed an uptick this week to one home sold over the last 30 days. Broadway is still a definite buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
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$315K  
Sellers in Broadway weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Broadway usually averages 1.0 sale per month.
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$107K  
Broadway is a small city in Virginia with a median income of $48,464 per household. Besides being somewhat affluent, its population is much older than others with a median age of 34 years. The Broadway market is primarily made up of detached homes, currently accounting for 75% overall. The top schools in the city are John C. Myers Elementary School and J. Frank Hillyard Middle School.
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$107K  
Sellers in Broadway weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Broadway usually averages 1.0 sale per month.
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$325K  
With home sales in the Broadway market already below average, in this week's report they dropped 50.0% to one home sold over the last 30 days. Within the same time frame, Basye-Bryce Mountain had five sales, the most of all cities in the area. The median sales price rose dramatically to $185,000 over the latest reporting period for Broadway, up from $147,950. Broadway is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
Comments:

$499K  
While home sales in the Broadway market have been better than usual, in this week's report they dropped 33.3% to two homes sold over the last 30 days. In comparison, nearby Luray had four sales in the same time frame, the most of all neighboring cities. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $147,950 this week.
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$129K  
The Broadway market saw sales remain flat this week with three homes sold over the last 30 days and new listings also remain flat at zero. The median sales price of all transactions in Broadway did not budge this week, remaining at $132,000. In spite of flat sales, a low three months of inventory signals that Broadway is a seller's market.
Comments:

$325K  
The Broadway market looked busy in this week's report, as the number of home sales rose 50.0%, pushing the total to three homes sold over the last 30 days. Within the same time frame, Luray had five sales, the most of all cities in the area. The median sales price climbed to $132,000 over the latest reporting period for Broadway, up from $121,450. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Broadway is a seller's market.
Comments:

$129K  
Broadway is a city that is growing faster than others in Virginia at a 10-year growth rate of 41.2%. It also has a larger than average population of 3,691 people. Broadway is made up of homes that are considered of moderate age with a median of 23 years. The top schools in the city are John C. Myers Elementary School and J. Frank Hillyard Middle School.
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$299K  
Sales in the Broadway market dropped to one home sold over the last 30 days, while the number of sellers reducing their list prices reached three, which continues an established upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices are coming down in Broadway, and for this period the median sales price slid from $163,500 to $132,000. With decreasing sales and the availability of eight months of inventory, Broadway is a definite buyer's market.
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