$425K  
Luray is a larger than average city in Virginia with 4,895 residents. Also, it has seen a 0.5% increase in population over the last 10 years. 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.
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$425K  
Over the last 30 days, the Luray market picked up with two homes sold. Within the same time frame, Front Royal had 13 sales, the most of all cities in the area. Potential buyers should note that prices went up in Luray, with the median for this period rising from $130,000 to $139,000. Despite the uptick in sales, there are still 16 months of inventory left to work through, meaning Luray is still a definite buyer's market.
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$162K  
The Luray market remained sluggish this week as sales dropped 50.0% to land at one home sold over the last 30 days. Meanwhile, close-by Front Royal reported 17 homes sales, the highest number from all the surrounding cities. Prices are falling in Luray, and this period the median price of all sales fell from $139,000 to $130,000. Luray is a strong buyer's market, thanks to a big 34 months of inventory to choose from and a pullback in sales.
Comments:

$425K  
The Luray market picked up this week with two homes sold over the last 30 days. To put it in perspective, close-by Front Royal registered 16 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Luray, and for this period the median sales price slid from $148,000 to $139,000. Even after the uptick in sales, an elevated 16 months of inventory tells us that Luray is still a definite buyer's market.
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$124K  
Sales numbers in the Luray market remain the same with one home sold over the last 30 days and the market still shows a solid trend downward overall. The median sales price in Luray stayed put this week at $148,000. Luray is a strong buyer's market with 30 months of inventory to choose from, aided by the downturn in sales.
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$425K  
Sales retained their current pace and came in at one home sold in the Luray market over the last 30 days. However, a three-week upward trend for contracts was extended, with five pending transactions in the same time frame. The median sales price in Luray stayed put this week at $148,000. With no movement in sales and the availability of 32 months of inventory, Luray is a definite buyer's market.
Comments:

$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.
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$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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