200 Home Buyers Paid More Than 5% Over Asking Price For Their Homes In The Past Year

Sometimes, you have to be willing to pay the price to get the house...

Over the past year-ish (Feb 7, 2021 - Feb 6, 2022) there have been 1,660 home sales in Harrisonburg and Rockingham County.

As noted earlier this week, 73% of buyers paid full price or more for their home -- which is 1,229 of those 1,660 home sales.

But going a bit further... 200 buyers paid more than 5% over the asking price for the home they purchased in the past year.

Looking just at those 200 transactions where buyers paid more than 5% over the asking price... on average, buyers paid $25,561 over the list price!

How does that number strike you?  It was much higher than I thought it would be...

 

I guess the guy in the photo above is holding out $40,000 of cash -- slightly higher than the average of $25,561 noted above -- sorry for my illustrative exaggeration.  ;-)