Are We Seeing A Big Slow Down In Home Sales Activity Locally?

If you read much national news you'll see plenty of headlines that say the housing market is slowing down... the housing market peaked... slower times are ahead for housing markets across the country.

I'm sure that is all true, generally, nationally, and maybe in many markets.

But, real estate is and has also been, local.

Will the pace of home sales slow down in our local market?  Maybe so.  Will prices stop climbing as much as they have been in recent years?  Maybe so.

Are either of those things happening yet?

Are we seeing a big slow down in home sales activity locally?

It seems not.

Properties going under contract in the past 30-ish days (April 25 - May 24) this year compared to last...

Last Year = 170 contracts

This Year = 162 contracts

If things start changing in our local market, I'll be certain to be writing about it here... but just because you're reading it in the national news doesn't mean it is necessarily happening in Harrisonburg and Rockingham County.