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How Low Can Inventory Levels Possibly Go?

Housing Inventory

Today, there are 364 homes for sale in Harrisonburg and Rockingham County.  I have been tracking this data for almost 10 years now and there has never (NEVER) been a time when we have had this few homes for sale. 

Wow!
 

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We Might Actually Have a Few Homes to View!

I haven't said that too often over the past five or six years. Since the pandemic, the housing market has ranged from very tight to pretty tight in most price ranges. As…