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Roanoke Real Estate Market
Roanoke Real Estate Market
The real estate market in Roanoke VA has been experiencing some good steady growth over the past few years. With a thriving economy and a low unemployment rate, Roanoke is a good place to buy a house. The consumer confidence has been high and the increase in home prices are a reflection of it. If you’re considering to sell house now Roanoke VA, it may be a good time.
Home buyers are looking to buy houses in the 150k to 250k at higher rates then other price points. These houses are getting snatched up at a great rate. The median sales price for homes in Roanoke for Jul 18 to Oct 17 was $172,600, with the last few months off  2018 is pointing to sales up even higher. Houses are selling faster than last year. The number of days on the market has also seen about a 7% decrease since last year this same time frame on the market.
This market has been a lot more affordable then other locations in Virginia. While the inventory in other major cities like in the Northern VA is struggling with light inventory and high prices, Roanoke has been enjoying a smoother pace, ... more

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