Welcome to the Shenandoah Valley 2023 Mid-Year Report.
Despite higher interest rates, buyer demand has remained strong. Low inventory levels continue to create a competitive environment, leading to quick sales and a median days on market of only 7 days. The median sales price for homes in the area stands at $312,750, indicating a healthy market with rising property values. Additionally, the sales price to list price ratio of 99.41% suggests that homes are typically selling very close to their asking prices, highlighting the robust nature of the market.
Overall, the real estate market in Greater Augusta and Greater Rockingham has experienced active buyer demand, low inventory levels, and rising property values, making it an exciting and competitive market for both buyers and sellers during the first half of 2023.
Please find the downloadable PDF version of our full Shenandoah Valley area Mid-Year Report here: Shen Valley_MYR_2023