real estate news
for the Shenandoah Valley of Virginia
The real estate market in the Shenandoah Valley is strong as we enter December! There is still time to purchase a new home for holidays and take advantage of the historic low interest rates.
This week we take a deeper look at the cost of housing this year vs last year. Home prices across the Valley have increased between 10% and 14%. Does this mean you will be paying that much more? No. Interest rates are nearly 1% less than last year, creating potential savings and more affordable housing. We looked at the median price in each market calculated the difference year over year.
Another week with an historic low interest rate! Market indicators across the Shenandoah Valley are strong as we head toward the end of 2020. Home prices are up between 9% and 14% and home sales are up in nearly all markets!
It is not too late to find your next home before the New Year! Call one of our real estate professionals today and we will guide you through the move!
Download The Full Report (pdf)
Interest rates reached a new historic low today! At 2.78%, there is great opportunity to lock into long-term savings for buyers. As we head toward the end of 2020, closing year to date are far outpacing last year in most areas. We expect to have a strong real estate market as we head into the new year!
Click Here To Download The Full Report (pdf)