$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:

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.
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Coldwell Banker Premier
Snapped 1 home in this area
Funkhouser Real Estate Group
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ERA Oakcrest Realty, Inc.
Snapped 1 home in this area

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