Housing inventory levels are declining in Harrisonburg and Rockingham County, but perhaps none so precipitously as the under $200K market.

As shown above, there are HALF as many homes for sale under $200K now as compared to one year ago.  This leaves many buyers in this price range in a difficult spot of trying to find a home to purchase that will fit their needs.

I believe some of this is related to a lack of new construction of homes in this price range.

Read more about our local housing market at HarrisonburgHousingMarket.com.