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Quite a few home buyers (or would-be home buyers) have asked me lately about whether we are seeing fewer resale homes (not new construction) being listed for sale in…
It's a reasonable question! The median sales price in Harrisonburg and Rockingham County has increased 10% per year for each of the past three years. Combining all three…
Happy October, Friends! October is one of my favorite months of the year... for quite a few reasons... 1. Cool mornings, warm afternoons and then cool evenings again. 2…
Happy Thursday morning, friends in and around Harrisonburg and beyond! After I process all the data... and create all of the charts and graphs... and doodle on them to…
Happy Monday afternoon to you, friends! This monthly market report is one of some enigmas, some contradictions, some puzzlement. Some of these will be familiar, some new…
We've seen a 19% decline in existing home sales in 2023 - which includes all home sales in the HRAR MLS except new construction sales. In the first five months of last…
Let's take some wild guesses here. Between June and December of 2023, what trends do I expect to see in the following areas... [1] Home Sales = no change (similar pace as…
Pending home sales is the most timely indicator of what we should expect in the very near future for closed home sales. A pending home sale is a house that is under…
Yesterday I observed that about two thirds of home buyers in our area (City of Harrisonburg plus Rockingham County) buy single family homes each year. In the City alone…
Keep in mind as you read this that I was horrendously off target with my 2021 predictions for our local housing market. :-) But, that being said, here's what I'm…
Happy, Chilly November morning, Friends! This month's market report is brought to you by... turkey, stuffing, cranberry sauce, sweet potato casserole, carrot souffle…
Happy Tuesday Morning, Friends! I hope October is treating you well and that you are enjoying the cooler temperatures as much as I am. Earlier this month I had a great…
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