Inventory levels are on the rise in Harrisonburg and Rockingham County.

January 2023 = 109 homes for sale

August 2023 = 193 homes for sale

That's a 77% increase in inventory levels!

But... let's put it into a bit larger of a context...

Just before Covid began (January 2020) there were 196 homes for sale. 

So, as shown above, other than during the weird years since the Covid pandemic began (2020-2023) inventory levels have always been above 200 homes for sale in Harrisonburg and Rockingham County... and sometimes well above that mark.

So, higher inventory levels today do not necessarily mean we will see a marked change in home prices (for example) in our local market, but we'll have to continue to monitor changes in inventory levels over the next few months to see where they go from here.