44% Fewer Homes for Sale in Harrisonburg, Rockingham County

Buyers are finding fewer and fewer options of homes to purchase in Harrisonburg and Rockingham County as inventory levels continue to decline.  The graph above shows the number of homes for sale in early September for each of the past eight years. 

There are 44% fewer homes for sale now as compared to at the peak of inventory levels in 2010.  Even looking over the past year, there has been a 12% decline in inventory.

These low inventory levels are frustrating buyers in many price ranges, giving them limited options of homes to purchase and SOMETIMES creating multiple offer situations.

If you are getting ready to sell your home, it is important to understand the dynamic of how many other home sellers you will be competing against, so we will want to take a look at inventory levels in your particular segment of the market.