Local housing inventory hits four year low

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Local housing inventory hits four year low
By Scott Rogers • March 20, 2012 Filed In: inventory, market, trends
Yes, you heard me correctly -- there are fewer homes on the market than we have seen anytime in the past four years. The inventory data above is current as of a few days ago when I published my monthly market report. At that time there were 665 homes on the market --- fewer than anytime in the last four years, including any of the winter months over the past few years. Inventory is starting to pick up a bit (678 as of this morning) but there are still fewer homes on the market than we've seen in a while. This certainly helps sellers, as there is less competition -- though it is certainly still a buyer's market. Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address:
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 20, 2013 (unless otherwise noted).
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
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