Home Buyers Have Had Fewer Choices Nearly All Year


Home Buyers Have Had Fewer Choices Nearly All Year
By Scott Rogers • July 23, 2019
The blue line above shows the number of homes for sale at the end of the month for the first six months of last year, 2018. The orange line shows the same (homes for sale at the end of the month) for the first six months of 2019. Last year, inventory levels rose 24% between the end of January and the end of June. This year, inventory levels actually dropped negligibly (by one listing) between the end of January and the end of June. So - for all you would-be home buyers out there feeling like you don't have many options, or that the ones you do are going under contract quickly after having had multiple offers, the data backs up the pain you are feeling. What's next? How do we get out of this trend of fewer and fewer homes for sale? New construction is the likely anecdote, but there doesn't seem to be a whole lot on the horizon right now. Receive Updates by Email Recent Articles: 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! Going, Going, Gone. Make An Offer Before That House Is Under Contract. Price Changes, Even If Small, Can Remind Buyers That You Really Do Want To Sell Your Home
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 26, 2023 (unless otherwise noted).
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