After A Worldwide Pandemic...
- More and more home sales
- Higher and higher sales prices
- Faster and faster market pace
After Mortgage Interest Rates Almost Doubled...
- Sales keep increasing
- Prices keep increasing
- Homes are selling just as fast
When the pandemic began, I was convinced home sales would slow and prices might drop as well. The market defied my expectations.
When interest rates skyrocketed, I was convinced home sales would slow and prices might drop as well. Thus far, the market has defied my expectations.
As you can see, the Harrisonburg housing market doesn't always do what we might expect, even with significant external factors having the potential to make large impacts on our local market.
So... don't assume our local housing market will do whatever you might read in national headlines... the local market seems to keep having some surprises for us!