You are most likely to sell your home in the first 60 days on the market
And by that I mean that that more than 50% of the homes that sold in the past year went under contract within the first 60 days that they were on the market. So, as a…
Will we see 1200 home sales this year in Harrisonburg and Rockingham County?
Based on how the year is going thus far, I think we might see 1200 home sales this year. We are currently 79 home sales ahead of the 2015 pace at this time of year -- and…
Market Balance By Price Range
Many housing market analysts consider a six month supply of homes for sale to be an indication of a market that is balanced between buyers and sellers. As such, and based…
More Homes are Selling, Faster, at Higher Prices in Harrisonburg, Rockingham County
Learn more about this month's Featured Property: 580 Spring Oaks Drive I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
Housing costs stay relatively level despite increasing home values
How much does it cost on a monthly basis to buy the median price home in our area, assuming 80% financing? Today, that adds up to an $681 monthly payment -- which is…
Should you list your home in August, September or October?
Generally speaking, you should list your home sooner rather than later. As shown above, we are likely to see a declining number of buyers signing contracts over the next…
The layout (floor plan) of a home is one of the most important aspects for many buyers
If a buyer is buying over $400K, or even over $300K, the layout of the home becomes very important to them. That is not to say that it is unimportant for a $200K buyer…
Should you accept a home sale contingency?
Based on the analysis above, it would seem that sellers are not (in almost all cases) accepting home sale contingencies. Here's the logic.... A seller would almost never…
Explore More Discovery Museum in downtown Harrisonburg expanding upwards!
Explore More Discovery Museum, in downtown Harrisonburg, is expanding upwards, onto the 2nd and 3rd floors. The future 2nd floor Arts & Innovation area will offer eight…
Airbnb in Harrisonburg (and Rockingham County)
Can you find an Airbnb rental in Harrisonburg or Rockingham County? It seems so. Per a July 24, 2016 Daily News Record article, there are "[...] almost 300 registered…
Diving Deep Into APPRAISAL DELAYS
Silly me! Appraisal delays are NOT only related to increasing sales. Teri Robinson, of Vision Appraisal Services, kindly educated me on some of the other factors that are…
High Sales Volume (GOOD) Creates Long Appraisal Delays (BAD)
Most folks are pretty excited about the fantastic pace of local home sales in the first half of 2016 -- however, there is a downside. As shown above, there are three main…