At the end of last month there were only 127 homes for sale in Harrisonburg and Rockingham County.
Five years ago, at the end of April 2017, there were 411 homes for sale.
Five years before that, at the end of April 2012, there were 733 homes for sale.
Home buyers over the past year have had fewer options of what to buy at any given point in time than ever before in the past decade, and possibly ever before, ever.
The low inventory levels don't mean fewer buyers are buying -- in fact, more buyers are buying on an annual basis than ever before.
The low inventory levels are an indication that there is much more buyer demand than seller supply, so new listings get scooped up (go under contract) within a matter of days -- thus, not contributing to the inventory levels at the end of the month.
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