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Very Few Homes For Sale in the City of Harrisonburg

Inventory Levels
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 423 homes have sold in the City of Harrisonburg during the first 11 months of the year -- putting us at a pace of 38 home sales per month.

But the number of homes available to buyers continues to decline -- now down to 70 homes for sale.  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
  • End of 2017 = 64 homes for sale (!!??!!)
If we finish out 2018 with only 70 homes for sale, that's a rather precipitous drop from where we were in 2012 - 2015.
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. 
 

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