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
Wednesday, January 11, 2023
Yes!
The actual process of home buying has been a bit bananas for the past two years. 
Buyer:  I want to buy a house. 
Me:  Cool. 
Buyer:  Let's go see a bunch later this week, K?
Me:  Every house for sale you might like is already under contract.

Buyer:  Ugh. 
Me:  Wait, a new listing just came on the market, let's go see it, ASAP.

Me, Two Weeks Later:  Now there's another new listing!

Me, Three Weeks Later:  Ooooh, another new listing!
Basically, many (most?) home buyers have only been able to consider one house at a time for the past two years.  Homes were going under contract so quickly after they were listed for sale that it was rare for there to be two or more houses of interest on the market, not under contract, all at the same time.

Which... lead to some less than ideal decision making for buyers.  A buyer would have to decide whether to make an offer on each house, individually, without yet knowing what the other options would be (or might be) in the coming days or weeks.

So, if the market starts to transition a bit in 2023 -- and if (a big IF) inventory starts to creep up a bit -- then maybe, just maybe, buyers will finally be able to look at more than one house at a time this year??  And compare and contrast them?  What a novel concept!

;-)