Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Tuesday, May 11, 2021
Contract Activity
As shown above, for three of the past five years, around 430 - 440 buyers signed contracts to buy homes between January and April.

Two years ago, in 2019, there was a bit more contract activity than normal with 466 buyers signing contracts to buy homes.

But this year -- in 20201 -- we set new records!  Nearly 500 (499) buyers (and sellers) signed contracts to buy (and sell) homes between January and April 2021.

You might ask -- how is this possible -- I heard inventory levels are super low!?
It actually works the other way around.

It is not remarkable or mysterious that this many buyers secured contracts to buy homes despite low inventory levels...

The inventory levels are so low because so many buyers secured contracts to buy homes!
Buckle up - this seems bound to be a fast paced year in the local real estate market!