Different Segments Of Our Local Market Are Performing Differently. This Is Normal.


Different Segments Of Our Local Market Are Performing Differently. This Is Normal.
By Scott Rogers • May 10, 2023
Over the past few years almost every house, in any location, at any price point, would have double digit showings and multiple offers and would likely sell over the asking price. This is still happening (10+ showings, multiple offer, selling over list price) for many new listings... but not all. Plenty of other new listings are having 1 - 5 showings, receiving only one offer, and selling at the list price. Which houses have tons of interest and which have less interest can be related to all sorts of things these days... [1] property type [2] property location [3] price range [4] appropriateness of pricing [5] age and condition [6] marketing Is it normal for different segments of our local market to be performing... differently? Yes, it is quite normal. As always, this means that the pricing, preparations of your home, and marketing of your home are very important as we see different segments of the local market in flux. Receive Updates by Email Recent Articles: Recent Rises In Inventory Levels In Context How Many Homes Are Selling For Less Than The List Price? Interstate 81 Through Harrisonburg Will Be Expanded Soon, But Will It Have Sound Barriers? Sample Mortgage Payments In September 2023 Fewer Homes Are Selling, Though Prices Keep Rising, And Now Inventory Levels Are Rising Too!? Major Travel Center Proposed To Include 75,000 SF Building, 673 Parking Spots, 120 Gas Pumps, 24 Tesla Chargers Just Outside Mount Crawford If Your Home Has Not Sold We Should Look At What Buyers Are Actually Buying Home Buyers Might Not Request Showings Of Your Home With Minutes. Gasp! Going, Going, Gone. Make An Offer Before That House Is Under Contract. Price Changes, Even If Small, Can Remind Buyers That You Really Do Want To Sell Your Home
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Sep 26, 2023 (unless otherwise noted).
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