This week's Funkhouser Report highlights continued growth in the Shenandoah Valley real estate market, with Harrisonburg/Rockingham County seeing 22 closings this week, a 12.3% increase year-over-year, and a median sales price of $344,990. Page, Shenandoah, and Staunton/Augusta counties also show year-over-year gains in contracts and median sales prices, reflecting a resilient market despite fluctuating mortgage rates. The 30-year mortgage rate dropped slightly to 6.69%, providing potential buyers with a favorable opportunity.
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