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
Thursday, October 17, 2024
We have seen fewer, and fewer, and fewer home sales in the City of Harrisonburg over the past few years.
But this is almost entirely an issue of not enough sellers being willing to sell -- not an issue of not enough buyers wanting to buy.
The result is that in the current market, when a City home is listed for sale... there is often a LOT of interest in said home.
This is great for home sellers in the City of Harrisonburg...
- potential for more showings
- potential for more offers
- potential for buyers making offers over asking price
- potential for buyers removing contingencies
This is not quite as great for home buyers in the City of Harrisonburg...
- higher likelihood of competing with other offers
- higher likelihood of paying over asking price
- higher likelihood of needing to remove contingencies
But alas, the City of Harrisonburg remains a popular place to live.
Until and unless we start to see some new construction (for sale) housing in the City of Harrisonburg, we will likely still see lots of competition for City homes when they are offered for sale.
