Winter is coming.
Each quarter, Nest Realty puts out an amazing piece of information we like to call our Nest Report. The Nest Report is a look at the real estate market, sans sales-speak – pure data, no fluff. It’s an incredible document full of helpful real estate market stats for the New River Valley, and you can see past examples at NewRiverValleyMarketReports.com.
Dusting off the blog a bit … been a while since I’ve posted here. The title of this post … snooze, right? But I promise it’s a little more interesting than that.
Since January 1, it seems, real estate agents in Blacksburg seem to have been saying – to each other, to their clients, to anyone – what IS going on in the Blacksburg real estate market?
Yesterday, the Federal Reserve raised short-term interest rates. So what’s it mean for home buyers in the New River Valley?
It’s time once again for the Q2 2015 Nest Report, Nest Realty’s statistical report on what the New River Valley real estate market did during the last quarter. All stats, no fluff.
The Nest Report, our quarterly look at the real estate market in the New River Valley, is out for the third quarter of 2014. I wrote in August that the second quarter of 2014 was different than expected, and at the time we didn’t really know why. I suspected it was because of a very short summer for Montgomery County Public Schools, and from what we’ve seen in Q3 and now, Q4, I think that that was, in fact, much of the reason for the slow down.
To say that the second quarter of 2014 has been unusual would be an understatement. Pockets of the market excelled, while others did not. Inventory was up, median sales were down, and yet there were more contracts written in the second quarter of 2014 than there were in the second quarter of 2013.