With 676 homes for sale, will I have 676 great properties to choose from?
As shown above, many homes currently listed for sale have already been on the market for some time, picked over by all of the current buyers in the market. That said…
The Seasonality of Home Sales . . . Selling in the Fall
Even if you missed the hot Spring and Summer real estate markets, you will still have a good chance of selling this Fall. As shown above, there were still quite a few…
Showings remain strong as we roll into Fall
Showing activity remains strong in through August and September -- a promising leading indicator for market activity we may see later on this Fall. * September 2014 data…
Restaurant, Apartments, Wine Tasting Room (?) Coming to Downtown Harrisonburg
Per the Harrisonburg Downtown Renaissance facebook page, the enormous hole in the ground at the corner of East Market Street and Mason Street (beside Urban Exchange…
Fewer Affordable Homes Available For Sale
The biggest shift in homes available for sale has been in the lowest price range in our market, under $200K homes. There are now 30% fewer homes for sale in this price…
Despite the overall decline in sales, the market is not totally lackluster
As shown above, despite a decline in the number of home sales in this area, and a tiny decline in median sales price, we may actually be seeing an increase in home values…
Median Sales Prices Stable Despite 5% YTD Decline in Home Sales
Featured Property: 3273 Barrington Drive, Harrisonburg, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump to the…
16% Increase in Contract Activity
It's the last business day of the month, so let's take a quick peek at how things are shaping up this month. As noted above, there have been 119 contracts signed thus far…
62% of our home sales market is under $200K
A few fast facts for you.... 62% of our home sales market is under $200K 86% of our home sales market is under $300K 96% of our home sales market is under $400K Nothing…
How long might it take to sell a home priced over $400K?
Technically, it could take quite a while -- as there is a 25 month supply of these homes currently on the market. What does this mean? Let's examine it.... During the…
Looking closer at contracts, a leading market indicator
As mentioned yesterday, July 2014 home sales hit an 82-month high, likely due in part to the large number of properties that went under contract in June 2014. Despite…
Local Home Sales Surge to 82 Month High in July 2014
Featured Property: 4105 Kaleb Drive, Penn Laird, VA 22846 I just published my monthly report on the Harrisonburg and Rockingham County real estate market and July 2014…