Inventory Declines 38% YOY Under $200K


Inventory Declines 38% YOY Under $200K
By Scott Rogers • December 7, 2016
We have established that there aren't many homes for sale right now, but the under $200K market has seen some of the largest changes in inventory levels. As shown above, the 194 homes for sale under $200K right now marks a 38% decline over the 314 homes that were sale at this same time one year ago. I think we need to see some further new construction under $200K (and in some other price ranges) to help with these low inventory levels. Re-sale homes alone are not going to cure declining inventory levels. Receive Updates by Email Recent Articles: How Much Have Home Prices Increased, Locally, When Adjusted For Inflation? Our Local Real Estate Market Keeps Testing Basic Economic Theories Recent Rises In Inventory Levels In Context How Many Homes Are Selling For Less Than The List Price? Interstate 81 Through Harrisonburg Will Be Expanded Soon, But Will It Have Sound Barriers? Sample Mortgage Payments In September 2023 Fewer Homes Are Selling, Though Prices Keep Rising, And Now Inventory Levels Are Rising Too!? Major Travel Center Proposed To Include 75,000 SF Building, 673 Parking Spots, 120 Gas Pumps, 24 Tesla Chargers Just Outside Mount Crawford If Your Home Has Not Sold We Should Look At What Buyers Are Actually Buying Home Buyers Might Not Request Showings Of Your Home With Minutes. Gasp!
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Sep 27, 2023 (unless otherwise noted).
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