There Are Usually Two Phases Of Looking For A Home
OK - right now - it might really just feel like one phase, but humor me... There are typically (in most markets) two phases of looking for a home to purchase once you…
January Housing Inventory Levels Sink To New Lows
We like somethings to be low - like mortgage interest rates. But inventory levels - it really isn't ideal for them to be this low - except for sellers, I suppose. For…
Will Buyer Activity Continue Full Strength In January?
As shown above, the past three months (October, November and December) were absolutely bonkers as far as contract activity in Harrisonburg and Rockingham County. We saw…
Maybe Some Townhouse Developments Have Fewer Homeowners (Living In Those Townhouses) Than I Thought
Before I look at any given set of real estate data, I usually have some sort of an idea in my head of what the data is likely going to indicate. I'm not always exactly…
Juniper Hill Commons, A Multi-Generational Cohousing Community Is Under Development On Keezletown Road
A new cohousing community is under development on Keezletown Road to feature (27) homes with 800 to 2400 SF. All homes are intended to include solar panels, spacious…
Most Homes Sold Quickly In 2020!
The graph above is an analysis of all of the homes that sold during 2020 in Harrisonburg and Rockingham County. You'll note that 69% of those homes sold (went under…
Not Much Negotiability In Home Prices In 2020
Looking back at a full year of data now for 2020, it is impressive to note that the median "list price to sales price ratio" was 100% for the year. This means that at…
At Year End, Home Sales Up 13%, Prices Up 10% in 2020 in Harrisonburg, Rockingham County
Happy New Year, friends! 2020 was a year like no other - in our local housing market - and in many (many!) other ways. I hope you and your family are doing well, staying…
Largest Inventory Declines In Lowest Price Ranges
As will come as absolutely no surprise to anyone looking to buy a home under $200K, or even under $300K, there are far fewer options of houses on the market now as…
Local Home Prices Increase 32% In Five Years
The median sales price five years ago (2015) was $185,000 in Harrisonburg and Rockingham County. Last year, five years later, it was $244,900. That's a 32% increase in…
So, Will My House Sell For 10% More This Year Than Last?
It's a reasonable question. The median sales price increased from $223,000 to $244,900 between 2019 and 2020 -- which is a 10% increase. So, would your house sell for 10%…
My Predictions for the 2021 Real Estate Market
As I mentioned yesterday, my 2020 predictions for our local housing market were WAY off base. :-) I did not see such a strong market coming, and if I had known about…