I sent out a long and detailed market report yesterday with lots of data, charts and graphs.  You can find it here.

But maybe you don't want to read something that long.  ;-)

For those that don't, enjoy a comprehensive(ish) understanding of the market described above with four lines and two curves.

SALES - we have started to see fewer sales over the past four months

PRICES - the median sales price keeps on rising

INVENTORY - after starting to see some increases we are now seeing what is likely a seasonal decline in the number of homes for sale

CONTRACTS - we have seen multiple months of declining contract activity

DAYS ON MARKET - homes are still selling fast... very fast

RATES - mortgage interest rates keep on rising

Sure, this leaves out some of the nuance in yesterday's report, but it should give you a good enough primer to understand the basic market dynamics at play right now in the Harrisonburg and Rockingham County real estate market.

 

Questions?  Thoughts?  Observations?  Email me: scott@hhtdy.com