Are there great deals in the current market?  

The answer sort of depends on what a "good deal" means to you.

Here's an example. Say buyers just paid $375K, $380K, and $385K for houses in a particular neighborhood. 

Now a new listing pops up at $375K.  Is that a good deal?  Maybe, but probably not.

What if it were listed at $365K or $370K. Is that a good deal?  More likely so, since it is priced below the recent comps, and you'd be getting a home for less than your neighbors just paid for similar ones.

But is it a great deal? Probably not.

If you're hoping to buy that same house for $350K, or $340K... you might be waiting a while, especially in a market where homes are selling steadily and where we aren't seeing excess inventory.

Great deals -- the kind where you feel like you paid signfiicantly less than what a neighbor recently paid -- usually only show up in a buyer's market. That's when the number of homes for sale outpaces the number of people who want to buy them. Sellers get nervous. Prices soften. Leverage shifts to the buyer.

That's not really the market we're in right now in Harrisonburg and Rockingham County. Homes are moving steadily, which means sellers don't have to discount much to find a buyer.

I'd love for every buyer I work with to be able to buy a great deal for their next home... but I also don't want to set you up with false expectations for what is realistic in the current market.

A good deal -- priced fairly, and maybe a touch below recent comparables -- might be the best deal available to you right now.