$349K  
The number of homes coming into the New Market market stayed firm with three listings over the last 30 days, while sales remained right where they were as once again four homes were sold over the same period. A months of inventory number of eight reported this week continued a four-week downward trend. With decreasing sales and the availability of so much inventory, New Market is a solid buyer's market.
Comments:

$349K  
With four homes sold in the New Market market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with three new listings for buyers to choose from. The median sales price of all transactions in New Market did not budge this week, remaining at $186,700. New Market is a solid buyer's market, due to a big nine months of inventory left and aided by the flat sales.
Comments:

$359K  
With a recent downward trend of new sellers listing homes, including three over the last 30 days, and sales that rose to four in that same time frame, the New Market market will be less intense. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning New Market is still a strong buyer's market.
Comments:

$359K  
Yet again, no deals were completed in the New Market market over the last 30 days. New Market is used to having 2.9 sales per month.
Comments:

New Market is an average-sized city in Virginia with 2,146 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 19.5%. The New Market market is almost exclusively made up of detached homes, currently accounting for 92% overall.
Comments:

$129K  
The New Market market remains completely quiet as, once again this week, no sales were reported over the previous 30 days. New Market usually averages 3.0 sales per month.
Comments:

$349K  
The New Market market continues a four-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
Comments:

$118K  
The New Market market saw sales remain consistent with one home sold over the last 30 days and is also under a new downward trend in the number of contracts closing, with this week's number falling to two. While contracts numbers fell, prices dropped as well. This week's reported median sales price of $135,000 continued a four-week downward trend. New Market is a definite buyer's market, with 41 months of inventory to choose from on top of the downward trend in contracts and prices.
Comments:

$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:
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ERA Oakcrest Realty, Inc.
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Funkhouser Real Estate Group
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Coldwell Banker Premier
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