$299K  
The number of sellers who put their homes up for sale in the New Market market over the last 30 days remained flat this week at three. Home sales also remained unchanged from the prior period and once again one home was sold. The median sales price of all transactions in New Market did not budge this week, remaining at $135,000. New Market is a solid buyer's market, thanks to a big 43 months of inventory to choose from and the flat sales.
Comments:

$119K  
The New Market market remained soft with one home sold in the last 30 days, a 66.7% sales drop. In comparison, nearby Harrisonburg had 39 sales in the same time frame, the most of all neighboring cities. The median sales price continued to fall, hitting a three-month low at $135,000. New Market is a definite buyer's market, due to falling prices and a large 41 months of inventory left.
Comments:

New Market has a population that is much younger than most in Virginia with a median age of 45 years. Also, it's somewhat affluent with a median income of $49,953 per household. New Market is an area where 43.2% of the homes are owned, while 43.3% are rented.
Comments:

$239K  
Over the last 30 days, a new upward trend of new sellers coming into the New Market market continued, with five listings in this week's report. Meanwhile, sales have risen as well, with three homes selling during the same period. The median sales price of all transactions in New Market did not budge this week, remaining at $195,000. New Market is still a definite buyer's market, due to the availability of 13 months of remaining inventory, even after the uptick in sales.
Comments:

$290K  
The number of price cuts in the New Market market climbed to two over the last 30 days, furthering a new positive trend. Despite drops in list prices, sales also decreased to two homes sold. 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 of all transactions in New Market did not budge this week, remaining at $195,000. New Market is a strong buyer's market, thanks to a big 22 months of inventory to choose from and a pullback in sales.
Comments:

$425K  
The number of homes coming into the New Market market tumbled to zero listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price in New Market stayed put this week at $195,000. New Market is a solid buyer's market, due to a big 21 months of inventory left and aided by the flat sales.
Comments:

$139K  
Over the last 30 days, sales in the New Market market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of two during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions 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 $210,000 to $195,000. New Market is a definite buyer's market, due to a big 20 months of inventory left and aided by the flat sales.
Comments:

$210K  
The New Market market might be slowing in the coming weeks. Sales stayed steady at one home sold over the last 30 days, but there is an emerging downward trend in the number of new listings, with one going live in the same time frame. The median sales price of all transactions in New Market did not budge this week, remaining at $210,000. New Market is a definite buyer's market, thanks to a big 20 months of inventory to choose from and the flat sales.
Comments:

$249K  
With one home sold in the New Market market over the last 30 days, we see no change from last week's numbers. However, two new listings came into the market. Pricing in New Market remains consistent from last week to this week, with the median sales price at $210,000 again. With no movement in sales and the availability of 15 months of inventory, New Market is a definite buyer's market.
Comments:

$425K  
With one home sold in the New Market market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with one new listing for buyers to choose from. Potential buyers should note that prices went up in New Market, with the median for this period rising from $165,000 to $210,000. With no movement in sales and the availability of 13 months of inventory, New Market is a definite buyer's market.
Comments:
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ERA Oakcrest Realty, Inc.
Snapped 1 home in this area
Funkhouser Real Estate Group
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Coldwell Banker Premier
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