First Look At February 2023 Home Sales
Perhaps unsurprisingly, February 2023 home sales don't quite match up to February 2021 or 2022. Of course, during 2021 and 2022 we were experiencing... [1] Surging buyer…
Balancing Optimism, Pessimism And Realism When Thinking About An Almost Perfect House
Yahoo! You have found an "almost perfect" house -- and you're thinking about making an offer. But... it's early spring (pre spring?) and there will be many more new…
Home Sales Still Slowing, Home Prices Still Rising, In Harrisonburg, Rockingham County
Happy Friday morning, friends! We're about halfway through February, so it's time to take a moment to look back and see what we can learn about our local real estate…
Sometimes Housing Inventory Levels Are Not A Good Indication Of Housing Availability
Reflect with me for a moment on the definition of a paradox... paradox - a seemingly absurd or self-contradictory statement or proposition that when investigated or…
Inventory Levels Largely Unchanged From Two Years Ago
How have inventory levels changed over the past two years in Harrisonburg and Rockingham County? Some might assume there have been fewer (and fewer and fewer) homes on…
We Will Likely Have More Clarity On The Pulse Of The Local Housing Market By April
Home sales have been slower in November, December and January. This is somewhat normal from a historical perspective - winter months are normally slower. They haven't…
Home Sales Slowed Considerably In Late 2022 But Home Prices Kept On Rising
Happy Thursday afternoon, friends! And... Happy New Year! It's hard to believe the New Year is upon us. Actually.. we're already more than halfway through January at this…
A New And Improved But In 2023 (Keep Reading, Really)
OK, OK, I'm not talking about workout goals. I'm not suggesting you get a better BUTT in 2023... I'm just pointing out that some would be home sellers have a better BUT…
We Are Starting 2023 With Fewer Homes On The Market For Sale Than Anytime In The Past Decade
Yet another reason why it seems relatively unlikely that we will see home prices start to decline in this area... One main factor that could cause downward pressure on…
Maybe, Just Maybe, Buyers Might Be Able To Look At More Than One House At A Time In 2023??
The actual process of home buying has been a bit bananas for the past two years. Buyer: I want to buy a house. Me: Cool. Buyer: Let's go see a bunch later this week, K?…
What Would It Take For Home Prices To Decline In Harrisonburg And Rockingham County?
I've chatted with several homeowners in the past few weeks who have wondered whether home prices will start to decline in Harrisonburg and Rockingham County in 2023 as a…
Fewer Resale Home Sales Likely Was And Will Continue To Be A Supply Side Issue
Existing home sales declined 15% in 2022 in Harrisonburg and Rockingham County... 2021 Existing Home Sales = 1,364 2022 Existing Home Sales = 1,165 That said, overall…