January Housing Inventory Levels Sink To New Lows

We like somethings to be low - like mortgage interest rates.

But inventory levels - it really isn't ideal for them to be this low - except for sellers, I suppose.

For each of the past five years, home buyers in our local market have found themselves worse off as far as having options for houses to buy in Harrisonburg and Rockingham County.

Today, buyers are choosing from 117 homes for sale in the entire City and County.  Ouch!  Just a year ago, that was 195 homes, two years ago 269 homes, oh -- and can you imagine having 500+ homes to choose from such as back in 2016!?

Here's hoping for a flurry of homes coming on the market in February and March to help meet the apparently never ending surge of buyer demand!