Category Archives: Nest Reports

Quarterly reports on the state of the New River Valley real estate market including data and analysis.

Nest Report 2Q 2013

The Nest Report for the second quarter of 2013 is now available! Highlights include:

  • Q2 sales are the highest they’ve been since 2008
  • an increase in median sale prices of 10.46%

Prefer a PDF of the report? Here you go!

All things considered we’re moving in the right direction, but there is always still work to be done. Interest rates are one piece of the puzzle, but expect to see those continue to rise; despite that increase, we’re anticipating we’ll see a relatively stable market through most product types for the foreseeable future.

Want to receive this report by mail? Email me with your mailing address, and I’ll be sure to add you to the list (and I’ll never SPAM you).

Did you hear? We’re one of the fastest growing real estate companies in the country!

The 2012 New River Valley Real Estate Market

Breathe.

We’re not calling the end of any real estate troubles here in the New River Valley, but we’re continuing to see the trends we want to see that indicate a healthier real estate market. Slow and steady has been the mantra for some time now, and we will continue that into 2013. But after a year of studying the numbers here in the NRV, we think real estate is poised to do some positive things. Consider that for the year, we saw a:

  • 4.38% increase in median sales prices
  • 19.10% decrease in year-end months of inventory (and down 38% from 2010)
  • 3% decrease in cumulative Days On Market (DOM) for sold homes

We’re getting somewhere. And if demand stays high while inventory stays – relatively – low, we should be on stable footing for 2013. You can read the entire report below, or download it as a PDF here.

2012 New River Valley Real Estate Market Annual Review by Jonathan Kauffmann

Download (PDF, 350KB)