$425K  
There was one home sale in the Luray market over the last 30 days. At the same time, close-by Front Royal reported 10 home sales, the highest number from all the surrounding cities. Even after the uptick in sales, an elevated 33 months of inventory tells us that Luray is still a solid buyer's market.
Comments:

$425K  
Luray has a cost of living adjustment score of 99.1, which is average when compared to others in Virginia. Also, the area is considered somewhat affluent with a median income of $45,813 per household. Luray is made up of homes that are considered older than most with a median of 45 years. Topping the list of best schools in the city is Luray Elementary School.
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$124K  
Typically, Luray accounts for 4.6 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
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$159K  
The Luray market reported zero sales over the last 30 days, appearing to hit bottom after trending lower for two weeks.
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$159K  
Sales in the Luray market remained level with one home sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with two price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price remained unchanged over the latest reporting period for Luray, coming in at $254,000. With no movement in sales and the availability of 38 months of inventory, Luray is a solid buyer's market.
Comments:

$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.
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$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.
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