Just how low are housing inventory levels right now?
Low, low, super low! I talk with some regularity about how low inventory levels are right now This is not just a seasonal thing. Inventory levels don't get this low every…
February Home Sales (and temperatures) Higher Than Expected
The beautiful home on the cover of my market report is 135 York Place - check it out here! Yes, yes, I know. Within mere hours of sending this market report that mentions…
Low Inventory Levels Not (yet?) Affecting Pace of Home Sales
Home sales have increased 15% over the past year -- while at the same time, inventory levels have dropped 31%. This has left me with at least some lingering concerns…
Sales Up, Prices Up, Inventory Declining Drastically
Learn more about this month's Featured Property: 141 Diamond Court I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
January Inventory vs. Past Year of Home Sales
For the past four years (2013, 2014, 2015, 2016) and even some before that, we started off the year with enough homes actively listed for sale to last us for right around…
Which price range of homes have been hit the hardest with reduced inventory levels?
As shown above -- all price ranges have not been affected in the same way with inventory changes over the past two years. The most affordable price range (under $200K)…
The startling 2016 recovery of single family home sales
SINGLE FAMILY HOME SALES are BACK! OK -- but really, it is rather remarkable to look at 2016 single family home sales. And who could have seen this coming? At best, I…
What do 2016 year end home sales mean for buyers and sellers in 2017?
So -- 2016 is over, and 2017 has come. Let's use the data above to draw a few conclusions about what 2016 home sales mean for buyers and sellers in 2017.... HOME…
Year End Home Sales Report Shows Rising Prices, Soaring Sales in 2016
Learn more about this month's Featured Property: 5448 Jesse Bennett Way I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
My Predictions for the 2017 Real Estate Market
As is my annual tradition, I am making some predictions about what we'll see in the Harrisonburg and Rockingham County real estate market in 2017. Overall, I am…
Have all price ranges seen equivalent changes in inventory levels?
Indeed -- inventory levels are falling -- there aren't nearly as many homes on the market now as there were a year ago. In fact, over the past year, we have seen a 27%…
New home sales are increasing, but is it happening fast enough?
After six years of rather stagnant new home sales (41-54 per year) between 2010 and 2015, we are finally starting to see more new home sales in 2016. The graph above…