Just how crazy were November 2016 home sales?
Let's go with "super-crazy" or "like-never-seen-before-in-the-past-10-years-crazy".... There were 111 home sales in November 2016. That is well more than seen in the…
Home Sales Surge, Prices Rise, Inventory Drops in November 2016
Learn more about this month's featured property: 130 Bedford Place I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
Inventory Declines 38% YOY Under $200K
We have established that there aren't many homes for sale right now, but the under $200K market has seen some of the largest changes in inventory levels. As shown above…
Should You Take Your House Off the Market for Winter?
In some ways, NO, you should NOT take your house off the market -- because there is a historically LOW number of homes for sale right now. And yet, still, some folks will…
Impressive Contract Pace in November 2016
Here's a bit of a sneak peak at my upcoming market report which will be published next week. The graph above shows the number of contracts signed per month over the past…
Fewer and Fewer Homes for Sale in Harrisonburg, Rockingham County
I am not kidding around when I tell my buyer clients that there have never been fewer options of homes to buy than RIGHT NOW! I have been tracking housing inventory since…
54% of Homes (that sell) are Under Contract within 60 Days
Every home that goes on the market does not necessarily sell. Every home that goes on the market does not necessarily sell quickly. That said, 54% of the homes that do…
Local New Home Sales Hit 7 Year High in 2016
After six years in a row of 54 sales or less of new single family homes in the Harrisonburg/Rockingham MLS, we have seen 73 such sales in the first ten months of 2016…
Sellers Selling for 98% of (Last) List Price
This graph shows the average list price to sales price ratio (red line) in recent years as compared to the overall pace of home sales. Over the past several years, the…
4.6% Increase in Median Price Per Square Foot in 2016
In addition to monitoring home values by overall median sales prices in our market, it can be insightful to examine the median price per square foot of homes that are…
Local Homes Sales Up 14% YTD Despite Slower Sales in October 2016
Learn more about this month's featured property: 429 West Marshall Avenue I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
Making Sense of Buyer Feedback
As a home seller, you will face rejection left and right -- many prospective buyers will come view your house and most of them will decide not to buy it. But how, as a…