Have all price ranges seen equivalent changes in inventory levels?

Indeed -- inventory levels are falling -- there aren't nearly as many homes on the market now as there were a year ago.  In fact, over the past year, we have seen a 27% decline in the number of homes for sale in Harrisonburg and Rockingham County.

However -- not all price ranges are created equal.  As shown above, the most significant declines in inventory levels has been in the "under $200K" market, where there has been a 39% decline over the past year.  The "over $400K" market, in contrast, has seen no change in the past year in the number of homes for sale.

You can find out more about the Harrisonburg and Rockingham County real estate market by visiting....