City Townhouses Are Selling QUICKLY!
Scott P. Rogers
Townhouses in the City of Harrisonburg are selling QUICKLY!
The "Days On Market" referenced above is the number of days between when a property is listed for sale and when it goes under contract.
Just three years ago, the median days on market was 24 days - which means that half of the townhouses that sold went under contract in fewer than 24 days, and half took longer than 24 days.
But now, the median days on market has dropped down to just FIVE days in 2020.
Oftentimes, sellers of townhouses who want to buy a single family home are worried that they won't be able to sell their townhouse quickly enough to then make an offer on the house they want to purchase - this should be at least somewhat less of a concern now given the speed at which townhouses are going under contract!
