real estate news
for the Shenandoah Valley of Virginia
The Virginia REALTORS® survey of REALTORS to gauge the impact of COVID-19 on home buyers and sellers. Here are the survey results from the latest report. Click here for a PDF.
Our Analysis: Sellers who have their homes on the market continue to hold on the asking price and about one-third of potential sellers are deciding to wait to list their home. This is contributing to an already low supply of homes available to buyers. However, approximately half of all buyers are deciding to delay their home search. While only about 15% of Sellers are reducing their prices to attract buyers, between one-third to one-half of buyers are expecting lower prices.
Source: Virginia REALTORS® survey of members.
* No data reported during this time.