Here is a somewhat startling statistic....

Looking at the start to last year (Jan 1 - Feb 20) the homes that sold (went under contract) in the City of Harrisonburg did so with a median "days on market" of 67 days.

This year during the same timeframe (Jan 1 - Feb 20) the homes that sold (went under contract) in the City of Harrisonburg did so with a median "days on market" of 20 days.

So -- homes are selling (more than!) three times faster than they were last year.  Wow!

And -- a few more homes are selling....

Contracts between Jan 1 and Feb 20:

• 2017 = 47 contracts
• 2018 = 52 contracts

Buckle up!  It seems like it might be a fast paced market for much of 2018.  Low inventory levels and rising interest rates certainly are contributing to this.