Housing Inventory Levels May Have Peaked For The Year
The number of options that you have today as a buyer (hint = not many) may be the most options you'll have at any given point between now and the end of the year. As…
Harrisonburg Area Home Prices Up Nearly 7% in First Half of 2020
Happy Tax Day! Yes, that's right, today is the extended deadline for filing and paying income taxes. But the day is still young, so read on for an update on our local…
What To Expect For The Second Half Of The Year In Our Local Real Estate Market
I spent some time this past weekend cleaning up my crystal ball - oh wait, no, I was cleaning my garage. My crystal ball is always ready and waiting to convincingly and…
New Home Communities Boost Listing Inventory, Contract Activity, Closed Sales
Inventory levels have been low and getting lower for the past few years - but several new home communities have launched during that time that have provide more options…
Having Difficulty Finding Homes Under $200K? Here Is Why!
The blue line shown above is showing you the change in the number of homes for sale under $200K in Harrisonburg and Rockingham County. As you can see, this segment of our…
Local Home Prices Still Rising Despite Slightly Fewer Home Sales
Happy Monday Morning! We're nearly halfway through the year now, and it has been a year like no other when it comes to our local real estate market and in so many other…
Inventory Changes Can Reveal Reasons For Fewer Home Sales
Contract activity is slowing, a bit, and that will likely eventually lead to fewer sales -- that is to say fewer sales in 2020-YTD than in 2019-YTD. So, if we get to that…
Home Sales and Prices Still Rising Despite Declining Contract Activity
I just published my monthly market report, which you can download as a PDF here, or read on for the highlights of what is happening these days in our local housing…
Home Buying Activity Continues To Slowly Slow, But Low Inventory Likely A Contributing Factor
The pace of buyers signing contracts to purchase homes continues to slowly slow in 2020 -- with year-to-date contract activity in 2020 now 7% lower than during the same…
Will Inventory Levels Be Even Lower Than Low This Spring?
If you haven't heard, inventory levels have been LOW lately -- with very few homes for sale at any given time -- which can be frustrating for buyers. And it is even more…
Harrisonburg Area Housing Market Still Strong Through End Of March 2020
I'm working from home today, as is the norm for many of us these days. I hope that you and your family are in good health and good spirits as we travel through these…
Yes, Houses Are Still Being Listed For Sale
Some sellers are certainly waiting to put their house on the market given everything happening with COVID-19, but it seems that plenty of sellers are still listing their…