Why Did So Many Homes Sell In Our Area In 2020?
As shown above, the annual pace of home sales took a nose dive in April 2020 related to COVID, but has taken off since August 2020 and quickly accelerated the market to a…
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…
When Should I Start Looking For A Home To Buy If My Lease Ends This Summer?
If you have a lease ending this summer and you are thinking about buying a home instead of renewing that lease, you might think you have PLENTY of time before you need to…
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…
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…
Local Home Prices Increase 32% In Five Years
The median sales price five years ago (2015) was $185,000 in Harrisonburg and Rockingham County. Last year, five years later, it was $244,900. That's a 32% increase in…
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…
Harrisonburg Area Home Sales Up 10%, Prices Up 11% Thus Far In 2020
Happy Tuesday, friends! They say it might snow tomorrow. I'm currently seeing predictions of 6 to 9 inches. What is your best guess? We haven't had a sizable snowstorm in…
Are You The Parent Of A JMU Student Looking To Buy A House For Your Son Or Daughter To Live In With Friends?
With some regularity, I'll hear from parents of JMU students who are interested in buying a house in Harrisonburg, near the JMU campus, with the intent of having their…
Median Sales Price Increases $23,000. Monthly Payment Increases $3. Wait! What??
Yes, you read that correctly. Over the past year... The median sales price has increased by $23,000. The associated monthly payment has increased by $3. Oh, the magic and…