Meet Bobby the Buyer. He's hoping to purchase a detached home in the City of Harrisonburg, and his budget is under $300K.
 
The catch? His lease is up in 60 days, so he's trying to figure out whether he'll actually have any good options to consider before then.
 
To answer that question, we'll look ahead by looking backward.
 
Over the past 12 months, 34 detached homes sold in the City of Harrisonburg for less than $300K. That averages out to about three sales per month in Bobby's price range.
 
Let's double-check that with what's happening right now:
 
Current listings: There are three detached homes under $300K currently on the market - about a month's worth of inventory.
 
Under contract: Another three homes in this price range are already under contract - again, about a month's worth.
 
So, based on recent trends, it's fair to expect that about three homes per month will become available in Bobby's price range. That means he'll likely see around six homes come on the market over the next 60 days - just in time to make a decision before his lease is up.
 
If you're in a similar situation - searching for a home within a certain budget and timeframe - I'd be happy to help you understand what to expect. Just share your criteria, and I'll run the numbers for your specific scenario!