real estate news
for the Shenandoah Valley of Virginia
Interest rates ticked up slightly last week and mortgage applications increased nationally. This may indicate more buyer activity in the weeks to come. Overall, the local real estate market remains steady. Most indicators show signs of continued strength in comparison to 2019, especially in the Rockingham, Shenandoah and Page markets. However, the Augusta County market continues to lag behind last year's performance.
Beyond the numbers, our firm is experiencing many multiple-offer situations and some homes remaining on the market for only days. This is an indication that supply remains low and owners who are contemplating a sale this year should be talking with a real estate professional about listing their home on the market soon. Click here to download the full report (pdf).