Fewer and Fewer Homes For Sale in City of Harrisonburg

The number of homes for sale in the City of Harrisonburg keeps dropping.  That's not to say that homes aren't selling -- a total of 378 homes have sold in the City of Harrisonburg during the first 11 months of the year -- putting us at a pace of 34 home sales per month.

But the number of homes available to buyers continues to decline -- now down to 75 homes for sale, after having fallen below 100 homes for sale for the first time at the beginning of this year.  Here's a bit longer of a context....

• End of 2012 = 179 homes for sale
• End of 2013 = 162 homes for sale
• End of 2014 = 150 homes for sale
• End of 2015 = 152 homes for sale
• End of 2016 = 92 homes for sale !?!

If we finish out 2017 with only 75 homes for sale, that's a 50% drop from two years ago!?!

Of note, those 75 current listings are comprised of:

• 45 detached homes and 30 attached homes
• 24 homes under $200K, 14 homes over $400K and 37 in between

If you're looking to buy a home in the City of Harrisonburg it might be difficult to find a home that is a perfect fit or you given a very limited supply of homes for sale. And when a home does come on the market that works for you, it is likely to sell quickly.