$239K  
Over the last 30 days, the Luray market picked up with four homes sold. To put it in perspective, close-by Front Royal registered 19 homes sold in the same time frame, the most of all surrounding cities. The median sales price remained unchanged over the latest reporting period for Luray, coming in at $151,700. Even after the uptick in sales, an elevated 17 months of inventory tells us that Luray is still a strong buyer's market.
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$449K  
There was one home sold in the Luray market over the last 30 days, but one contract were executed. This marks the lowest amount since January, and could be a sign that the market is nearing a bottom. In comparison, Front Royal had 24 contracts executed in the same time frame, the most of all nearby cities. While contracts numbers were weak, the median sales price of those homes came in at $145,000, which extended a price upswing to four weeks. Even with prices on the rise, the downturn in contracts and the availability of 68 months of inventory prove that Luray is still a definite buyer's market.
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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. Luray is made up of homes that are considered older than most with a median of 45 years. The top school in the city is Luray Elementary School.
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$230K  
The Luray market stayed soft this week as sales fell 25.0% to land at three homes sold over the last 30 days. Within the same time frame, Front Royal had 22 sales, the most of all cities in the area. Potential buyers should note that prices are coming down in Luray, and for this period the median sales price slid from $173,450 to $169,900. With decreasing sales and the availability of 22 months of inventory, Luray is a definite buyer's market.
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$145K  
The Luray market saw sales remain flat this week with four homes sold over the last 30 days and new listings also remain flat at eight. Pricing in Luray remains consistent from last week to this week, with the median sales price at $173,450 again. Along with flat sales, a relatively high 18 months of inventory indicates that Luray is a definite buyer's market.
Comments:

$239K  
Home sales in the Luray market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 33.3% to four homes sold over the last 30 days. Within the same time frame, Front Royal had 18 sales, the most of all cities in the area. The median sales price in Luray stayed put this week at $173,450. Luray is a strong buyer's market, due to a big 18 months of inventory left and aided by the dip in sales.
Comments:

$162K  
The Luray market got good news 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. Within the same time frame, Front Royal had 16 sales, the most of all cities in the area. Prices are rising in Luray, and the median sales price this period increased from $152,500 to $173,450. Even after the uptick in sales, an elevated 11 months of inventory tells us that Luray is still a definite buyer's market.
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$415K  
The Luray market saw sales remain flat this week with four homes sold over the last 30 days but new listings shrank to nine. The median sales price climbed to $153,500, up from last week's $120,750. Luray is a strong buyer's market, due to a big 16 months of inventory left and aided by the flat sales.
Comments:

$239K  
The Luray market remained soft this week as sales slid 20.0% to land at four homes sold over the last 30 days. Within the same time frame, Front Royal had 14 sales, the most of all cities in the area. Months of inventory rose to 15 this period, its highest point since March. Luray is a solid buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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With 4,895 residents, Luray is a larger than average city in Virginia. Also, with a 0.5% increase over the last 10 years, its population is growing faster than other parts of the state. 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.
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