Funkhouser Report Weekly - September 24, 2020

Summer 2020 ended with strong numbers in most areas of the Shenandoah Valley.  Contracts year to date are well ahead of last year (9% to 17%) with the exception of Augusta County where the market has slowed by 6%.  We expect a strong fall market this year as interest rates continue to stay below 3% and purchase mortgage applications ticked up again this week.  

While home prices continue to increase by 9% to 12% across the markets, low interest rates make this higher prices more affordable.  This remains a good time to lock in historically low financing options.

Click Here To Download The Full Report (pdf)

Harrisonburg - Rockingham County

Page County

Shenandoah County

Staunton - Waynesboro - Augusta County