One Out Of Four Homes Is Taking Longer Than A Month To Sell
Scott P. Rogers
Plenty of homes are still selling (going under contract) plenty quickly.
But, not all of them.
Over the past three months (Aug 10 - Nov 10) we have seen 315 home sales in Harrisonburg and Rockingham County as recorded in the HRAR MLS.
Of those 315 home sales... 85 of the homes took more than 30 days to go under contract.
Thus -- 27% of homes are taking longer than a month to go under contract.
So... if you are getting ready to sell your home, I am hopeful that it will be under contract within a matter of days... or weeks... but it could take more than a month to sell.
Not too many years ago, this was quite normal and not at all unusual -- but over the past five or so years, the pace of the market has increased so much that it might seem unfathomable that it might take more than a month for your home to sell.
