Who Is Winning In Our Local Real Estate Market In 2025
Who is winning in our local real estate market in 2025? SELLERS are enjoying life with plenty of buyer interest, ever higher sales prices, homes usually going under…
I Would Like To Buy A New (To Me) Home But Would Need To Sell My House In Order To Do So. Is This Possible?
Ah yes - a good question - buying and selling - can it even be done in 2025? You own a home, but you want to buy a new one. You can't buy the new one until you sell the…
I Hope To Buy A Home Soon And Want To Better Understand The Process And The Market
If you will be a first time home buyer, or if you are getting ready to buy a home for the fifth time in your lifetime, you may have questions about the home buying…
I Plan To Sell My House Soon And Want To Better Understand The Market In My Neighborhood And Price Range
In the overall Harrisonburg and Rockingham County real estate market, home prices are on the rise. Here's how the median sales price has increased in our market over the…
Year End Recap Shows 12% Increase In Home Sales, 5% Higher Sales Prices In Harrisonburg, Rockingham County
Happy New Year, friends! The high temperature actually made it up to 40 degrees today, a slight reprieve from the frigid temperatures over the past week. I think we've…
Will 2025 Be A Good Year To Sell Your House?
Here are some of the reasons why 2025 might be a great year to sell your house AND the reasons why it might not be a great year to sell your house. 2025 could be a great…
Very Few Building Lots Are Available For Sale For Custom Homes In Our Area
A year ago, I noted that there were only (28) building lots on the market in the HRAR MLS with a Harrisonburg or Rockingham address. Now, there are just (18) such…
More And More Homes That Are Selling Are New Homes
Between 2015 and 2020 we were seeing new home sales making up between 10% and 15% of all home sales. Since then, the portion of all home sales that are new home sales has…
My Predictions For The 2025 Real Estate Market In Harrisonburg, Rockingham County
The last few years in the Harrisonburg and Rockingham County real estate market have not been entirely predictable but let's take another go at it for 2025... 4% Increase…
Reviewing My Predictions From Last Year For The 2024 Real Estate Market
The 2024 real estate surprised me -- at least as far as how many homes were purchased and sold. Mortgage interest rates remained quite high (compared to some of the past…
About One In Six Home Purchases Are Cash Purchases In Harrisonburg, Rockingham County
How many buyers do you think paid cash for the homes they purchased in Harrisonburg and Rockingham County over the past year? As shown above, about 1 in 6 buyers paid…
Inventory Levels Are Likely To Continue To Decline For The Next Few Months
Inventory levels - the number of homes on the market for sale - are likely to continue to decline for the next few months. Above you can see the monthly inventory levels…