If you are a home buyers (or would-be home buyer) in the City of Harrisonburg, it can be a frustrating time to try to find that "right home" given the extremely low inventory levels. With only 53 homes currently on the market (and only 33 of those being detached homes) you might be waiting longer than you'd like to find a home that can work for you.

This is a recent phenomenon, however, as the current inventory levels are 38% lower than a year ago and 63% lower than three years ago.

Sadly, I don't think we're likely to see a significant increase in City housing inventory levels unless we (unexpectedly) see new homes starting to be built in the City.

So, as a City home buyer -- be prepared to be patient, and then act quickly when the right house comes on the market!

Read more about our local housing market in my monthly market report.