2019 is now more than halfway over and we are excited to release our 2019 Shenandoah Valley Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Shenandoah Valley area real estate market continued to decrease as prices rose and days on market declined.
QUICK TAKEAWAYS
- Total sales decreased nearly 2% year-over-year across the Greater Augusta MSA in the first half of the year, falling 1.8% from 710 in 2018 to 697 in 2019.
- The median sales price in the first half of 2019 was $195,000 compared to $189,925 in 2018, an increase of 2.7%.
- In the Greater Augusta MSA, average days on market decreased 30.7% to 61. Stuarts Draft had the lowest average days on market within the Greater Augusta MSA at 45 days.
Be sure to check out the full 2019 Shenandoah Valley Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.