As A Home Buyer, You Have Never Had Fewer Options
It's a tough time to be a home buyer. In most locations and price ranges there are VERY FEW homes for sale! As shown above, the number of homes for sale at any given time…
Home Sales Up, Prices Up, Inventory Down in January 2021
Happy Wintry Monday Morning, friends! It looks like it might be a touch above freezing temperatures today, so perhaps some of the lingering snow and ice and will start to…
What Could Cause Our Imbalanced Housing Market To Balance Out?
Several of my clients have recently commented on how our local real estate market seems out of balance - with so many more active buyers in the market than there are…
Just Off The Mark. The Value Of Looking At Homes A Bit Beyond Your Typical Search Parameters
If you're looking for a four bedroom home, it might be worthwhile to look at a few homes with three bedrooms. If you plan to buy a home under $300K, it might be…
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…
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…
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…
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…
Comparing My 2020 Housing Market Predictions To Reality
As shown above, I was terribly (!!!) inaccurate in predicting how many home sales would take place in Harrisonburg and Rockingham County in 2020. We saw a 1% increase in…
Market Balance (Months of Supply) By Price Range
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). We have been out of…