It has been years (at least 5) since we have seen inventory levels this low!

Today (this morning) is likely the low-water mark for the number of houses on the market in Harrisonburg and Rockingham County.  But even as some houses start to come back on the market over the coming weeks and months it seems that inventory levels may stay significantly below where they have been for the past several years.

These low inventory levels should help our local housing market continue to recover, especially given the low mortgage interest rates currently available to buyers.  Just a reminder, those are currently hovering around 3.35%.