$335K  
The Luray market pulled back with an 80.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 4.9 monthly average with one home sold. In comparison, nearby Front Royal had 11 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Luray, with the median for this period rising from $150,000 to $254,000. Luray is a definite buyer's market, due to a big 40 months of inventory left and aided by the dip in sales.
Comments:

$265K  
Sales fell in the Luray market to five homes sold over the last 30 days. It's also under a budding downward trend in the number of contracts closing, with this week's number falling to zero. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price dropped to $150,000 over the latest reporting period for Luray, down from $160,000. Luray is a solid buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$265K  
Luray is a larger than average city in Virginia with 4,895 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 0.5%. Keep in mind, most people in Luray own their homes, with a 57.0% ownership ratio. The top school in the city is Luray Elementary School.
Comments:

$335K  
This week in the Luray market, sales dropped to six homes sold over the last 30 days, coinciding with a confirmed downward trend in price reductions, with one in the same time frame. Potential buyers should note that prices went up in Luray, with the median for this period rising from $143,750 to $155,000.
Comments:

$194K  
Over the last 30 days, an identifiable downward trend of new sellers coming into the Luray market continued, with two listings in this week's report. Meanwhile, sales fell, with eight homes selling during the same period. The median sales price rose to $143,750 over the latest reporting period for Luray, up from $137,000.
Comments:

$239K  
Over the last 30 days, the Luray market had a lift in home sales with 10. But as sales edged up, the number of pending transactions continued to decline, with a total of zero contracts during the same period. The median sales price rose to $137,000, and there are a fairly average four months of inventory left to be sold.
Comments:

$185K  
The number of home sales in the Luray market rose 16.7% to seven homes over the last 30 days. In comparison, nearby Front Royal had 14 sales in the same time frame, the most of all neighboring cities. The median sales price climbed to $136,500 over the latest reporting period for Luray, up from $116,950.
Comments:

$265K  
The population of Luray is somewhat affluent compared to others in Virginia with a median income of $45,813 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 99.1. With a median age of 45 years, homes in Luray tend to be older than most. The best school in the city is Luray Elementary School.
Comments:

$239K  
The Luray market was busy in this week's report, as the number of home sales rose 20.0%, pushing the total to six homes sold over the last 30 days. In comparison, nearby Front Royal had 13 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Luray, with the median for this period rising from $100,000 to $116,950.
Comments:

$425K  
Sales in the Luray market rose to five homes sold over the last 30 days, while the number of sellers reducing their list prices reached six, which continues a confirmed 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. The median sales price dropped to $100,000, down from last week's $117,500. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning Luray is still a definite buyer's market.
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