Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Wednesday, June 11, 2008
A lot of people feel this way right now --- that they have been trying to sell their home for many months (or longer) without success. This situation is mainly a numbers game ---- closings are down 23% this year, and new listings are up 43%. Clearly, there are many more sellers in the market than there are buyers, which creates the impatience for selling.
To put your situation in perspective, let's break down the listings that are currently for sale in Harrisonburg and Rockingham County: This information is showing how many months these sets of properties have been on the market without having sold:
If your house as been on the market for a few months without having been sold, don't despair --- it is just taking a bit longer for these properties to sell.
To put your situation in perspective, let's break down the listings that are currently for sale in Harrisonburg and Rockingham County: This information is showing how many months these sets of properties have been on the market without having sold:
On the market for 0 - 6 months = 656 properties
On the market for 6 - 12 months = 208 properties
On the market for 12 - 18 months = 66 properties
On the market for 18 - 24 months = 20 properties
On the market for 24 + months = 8 properties (yikes!)
On the market for 6 - 12 months = 208 properties
On the market for 12 - 18 months = 66 properties
On the market for 18 - 24 months = 20 properties
On the market for 24 + months = 8 properties (yikes!)
If your house as been on the market for a few months without having been sold, don't despair --- it is just taking a bit longer for these properties to sell.
