47 Home Sellers Reduced Their List Price In The Past 30 Days And 15 Of Those Listings Are Now Under Contract

One indication that our local housing market isn't quite as overheated as it used to be is that we are starting to see sellers making price adjustments.

For a few years there, nearly every home listed for sale went under contract in a matter of days, often with multiple offers and escalation clauses. 

Now, many (most) listings are still going under contract quickly -- but plenty of sellers are finding themselves needing to make a price adjustment to generate enough buyer interest to have an offer to consider.

As a snapshot of those price reductions and their impact...

Over the past 30 days... we have seen price changes on 47 homes in Harrisonburg and Rockingham County... and 15 of the homes are now under contract.

If your home is listed for sale and 30 (or more) days have passed without an offer, you may also be considering adjusting the price... and that new price may attract enough additional buyer interest to generate an offer for you to consider.