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
Thursday, December 19, 2024
Inventory Levels
Inventory levels - the number of homes on the market for sale - are likely to continue to decline for the next few months.

Above you can see the monthly inventory levels in Harrisonburg and Rockingham County over the past seven years.

We typically see inventory levels declining at least through January or February.

Of note -- this doesn't mean that new listings won't be hitting the market over the next few months -- they will.

But there are likely to be fewer new listings and an equal or greater number of buyers, causing inventory levels to continue to decline.

We should then start to see an uptick in overall inventory levels when we enter the spring market in March or April.

If you are hoping to buy a home soon, you are likely to have fewer options than usual over the next few months.

If you are hoping to sell a home soon, you are likely to have less competition from other sellers than usual over the next few months.