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
Monday, December 4, 2023
Frozen Spigot
Generally speaking, folks don't use their outdoor hose spigots in the winter. 
I suppose you might use it from time to time, but it's just not as fun to wash your car in the driveway on most December days.
Oh, and if you did use your hose spigot, and left the hose attached, you'd potentially have serious problems when the water in the hose freezes, backs up into the spigot, maybe into the pipe, and something splits, cracks or bursts.

As such...

Once we get into Winter, most folks are turning off their hose spigots for the last time until Spring. 

But...
Not so with the local housing marketing.

Looking back over the past five years...
Between March and August (Spring and Summer, as we'll call it) an average of 140 buyers signed contracts to buy houses each month.  A pretty rapid pace of buyer activity.

So, this winter, what should we expect?  Will that supply of buyers be turned off like a hose spigot, and will the buyers slowly drip out at a rate of (for example) 10 - 15 buyers per month? 
Nope!

Looking at last Winter (December, January, February) there were an average of... 95 buyers signing contracts per month! 
Yes, you read that correctly, we only saw a 32% decline in buyer activity during the Winter months -- as compared to the Spring and Summer months.

So, unlike your hose spigot, which will likely be barely used during the Winter -- the local housing market doesn't slow down, or cool down, or shut down, nearly as much.