2020 Shenandoah Valley Mid Year Market Report

2020 Shenandoah Valley Mid Year Market Report

How’s the market?

When the shutdown started, we were unsure how the market would react. Demand exceeded supply going into the pandemic. During the pandemic, demand continued to outpace supply, causing the Median Sales Price to rise in the Greater Shenandoah Valley and Days on Market to decrease. Additionally, the sold-to-list ratio increased from 98% to 99%.

We present you with our 2020 Shenandoah Valley Mid Year Market Report.

2020 Shenandoah Valley Mid Year Market Report

Whether you have a home to sell or are purchasing a home for the first time, now, more than ever, it’s important to strategize your real estate transaction with an experienced Nest Realty agent who is well-versed in multiple offer situations and home sale contingencies. Should you be mortgaging a home, it’s crucial to get pre-approved. Interest rates are still at historic lows, with many first-time homeowners entering the market because of increased affordability. These low-interest rates have been attractive for those considering a refinance of their current mortgage as well.

Should you have questions about your home’s market value, please contact your Nest Realty agent for a Comparative Market Analysis. We’re here for you.

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