Welcome to the Shenandoah Valley 2022 Mid-Year Report.
We wish we could transact real estate with a crystal ball, but because we can’t, we work diligently all year long to understand the data and the nuances of our market.
Locally, as is the case nationwide, we are still experiencing a shortage of homes, despite mortgage rates steadily increasing. Experts suggest that we may be experiencing a plateau in demand as we round out the first half of 2022. Nonetheless, the Shenandoah Valley continues to be a drawing card for those looking to relocate for work, retirement, or to experience a better quality of living. And so time, not a crystal ball, will tell if the experts are correct.
Please find the downloadable PDF version of our full Shenandoah Valley area Mid-Year Report here: Shenandoah Valley 2022 Mid-Year Report