$299K  
While home sales in the New Market market have been above average, in this week's report they fell 25.0% to three homes sold over the last 30 days. Meanwhile, close-by Basye-Bryce Mountain reported six homes sales, the highest number from all the surrounding cities. The median sales price remained unchanged over the latest reporting period for New Market, coming in at $155,000. With only three months of inventory to sell, New Market is a seller's market, in spite of the dip in sales.
Comments:

$159K  
New Market is a small city in Virginia, and is somewhat affluent with a median income of $49,953 per household. It's much younger than the rest of the state, with a median age of 45. Keep in mind, 43.2% of the homes in New Market are owned, while 43.3% are rented.
Comments:

$159K  
The number of price cuts in the New Market market climbed to one over the last 30 days, furthering a new positive trend. Even with the drops in list prices, sales remained the same with four homes sold. The median sales price remained unchanged over the latest reporting period for New Market, coming in at $155,000. With only three months of inventory to sell, New Market is a seller's market, in spite of the flat sales.
Comments:

$299K  
The New Market market pulled back with a 20.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.7) with four homes sold. Meanwhile, close-by Luray reported six homes sales, the highest number from all the surrounding cities. The median sales price in New Market stayed put this week at $155,000. Despite the slip in sales, a relatively low three months of inventory indicates that New Market is a seller's market.
Comments:

$159K  
Over the last 30 days, the number of homes sold in the New Market rose to five. While the sales increased, the amount of pending transactions also trended upward, reaching a total of two during the same period. The median sales price jumped to $155,000 over the latest reporting period for New Market, up from $121,500. The rising contracts and a low two months of inventory mean that New Market is a definite seller's market.
Comments:

$174K  
The New Market market looked solid in this week's report, as the number of home sales rose 100.0%, pushing the total to two homes sold over the last 30 days. Within the same time frame, Luray had 10 sales, the most of all cities in the area. Prices are falling in New Market, and this period the median price of all sales fell from $125,000 to $121,500.
Comments:

$159K  
With 2,146 residents, New Market is an average-sized city in Virginia. Also, with a 19.5% increase over the last 10 years, its population is growing faster than other parts of the state. The New Market market is primarily made up of detached homes, currently accounting for 85% overall.
Comments:

$325K  
The New Market market saw sales remain flat this week with one home sold over the last 30 days, while new listings rose to two. Prices were able to climb as this week's reported median sales price of $125,000 continued a four-week upswing. With decreasing sales and the availability of so much inventory, New Market is a definite buyer's market.
Comments:

$325K  
The New Market market is enjoying a pronounced upward trend, even as sales fell to one home over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Potential buyers should note that prices are coming down in New Market, and for this period the median sales price slid from $149,450 to $125,000. With decreasing sales and the availability of 10 months of inventory, New Market is a definite buyer's market.
Comments:

$125K  
The New Market market saw sales remain flat this week with two homes sold over the last 30 days but new listings fell to two. Pricing in New Market remains consistent from last week to this week, with the median sales price at $149,450 again.
Comments:
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ERA Oakcrest Realty, Inc.
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