City of Harrisonburg Housing Inventory Levels Fall Below 20 Homes For Sale... For First Time Ever!?
Scott P. Rogers
There are now fewer than 20 homes for sale in the entire City of Harrisonburg! As you can see, above, the number of homes for sale at any given time has been falling rather consistently over most of the past five years.
The several times when you see inventory levels rising are typically in the spring season.
These extremely low inventory levels do not mean that fewer houses have sold in the City over the past five years.
Here are the annual City home sales during that timeframe...
- 2017 = 420
- 2018 = 459
- 2019 = 403
- 2020 = 416
- 2021 = 489
So -- plenty of homes are selling in the City this year -- more, in fact, than any of the past five years.
These extremely low inventory levels thus mainly mean that as soon as City homes are coming on the market they are almost always quickly going under contract -- keeping inventory levels at any given moment QUITE low!
