$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.
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$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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$315K  
The Luray market closed in on its 12-month sales average this week with four homes sold over the last 30 days. At the same time, close-by Front Royal reported 17 home sales, the highest number from all the surrounding cities. The median sales price dropped to $117,500, down from last week's $135,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that Luray is still a strong buyer's market.
Comments:

$179K  
Over the last 30 days, sales in the Luray market fell to three. However, the number of pending transactions continued to improve, reaching a total of seven during the same period. Pricing in Luray remains consistent from last week to this week, with the median sales price at $135,000 again. Luray is a definite buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
Comments:

$499K  
The Luray market was active this week as sales spiked 25.0% to reach five homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. Within the same time frame, Front Royal had 17 sales, the most of all cities in the area. The median sales price of homes sold came in at $135,000, which extended a price upswing to four weeks. Even with rising prices, a high eight months of inventory remaining tells us that Luray is still a definite buyer's market.
Comments:

$265K  
Luray is a larger than average city in Virginia with 4,895 residents. Its population is also growing faster than others at a 10-year growth rate of 0.5%. With an ownership ratio of 57.0%, most people in Luray are homeowners. Heading the list of top schools in the city is Luray Elementary School.
Comments:

$239K  
The Luray market broke below its 12-month average sales volume this week as sales fell 40.0% to hit three homes sold over the last 30 days. In comparison, nearby Front Royal had 15 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in Luray, and for this period the median sales price slid from $136,000 to $125,000. With decreasing sales and the availability of 13 months of inventory, Luray is a definite buyer's market.
Comments:

$265K  
Over the last 30 days, sales in the Luray market fell to five. However, the number of pending transactions continued to improve, reaching a total of five during the same period. The median sales price rose to $136,000 over the latest reporting period for Luray, up from $134,500. Luray is a strong buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
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$189K  
Over the past 30 days, there have been fewer price cuts in the Luray market, continuing a three-week declining trend to land at four. However, home sales were up to five over the same period. Prices are falling in Luray, and this period the median price of all sales fell from $146,450 to $136,000. 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.
Comments:

$265K  
The number of homes coming into the Luray market stayed firm with four listings over the last 30 days, while sales remained right where they were as once again four homes were sold over the same period. The median sales price of all transactions in Luray did not budge this week, remaining at $146,450. Along with flat sales, a relatively high 10 months of inventory indicates that Luray is a strong buyer's market.
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