Local market insight since 2007
So, let's say that your house is listed for sale, and one day when you're at home, someone knocks on the front door -- and then -- they ask you if they can take a quick…
Not all price ranges are created equally, it seems. The hardest hit price range, perhaps unsurprisingly, is the under $200K price range -- where we have seen a 52%…
Now, for the annual showdown between the City of Harrisonburg and Rockingham County, though first noting that: City of Harrisonburg = 17.41 square miles (around 13K…
If you own a single family home in the City of Harrisonburg, you might be wondering how much your home's value increased (or decreased) over the past year. 194 single…
Sellers are winning - rather universally. Every market metric works in their favor. Hooray if you get to be a seller in the current market! Buyers are losing - in all but…
The median sales price of detached homes (single family homes) cleared $225K in 2018! Oh, but wait, this happened before, didn't it? Yes, actually, we saw a median sales…
Mortgage interest rates have, indeed, steadily declined over the past two months -- from 4.94% down to 4.45%. That is a half of a percentage point, which is a large…
Oh my heavens! Take a look at the graph above! DID the local housing market slow at the end of 2018??? I am going to lean towards: sort of, maybe a bit, but not much. The…
Inventory levels have fallen rather consistently over the past several years: Start of 2016 = 560 homes for sale Start of 2017 = 413 homes for sale Start of 2018 = 280…
Happy Cold and Snowy January - and Happy New Year! Before we look back at a summary of our local real estate market in 2018, take a few minutes to explore the featured…
It should be no surprise that buying activity (contracts being signed) slows down over the Winter. As shown above -- an average of 75 buyers sign contracts in January…
Some time ago, I created a website (HarrisonburgTownhouses.com) for exploring townhouse communities in and around Harrisonburg, Virginia. This allows you to explore sales…
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