Getting Ready To Sell? Focus On Neighborhood Sales Prices First!
If you will be selling your home this spring, you ought to start familiarizing yourself with which other homes are selling in your neighborhood, and at what prices. This…
How Quickly Are Homes Going Under Contract?
Q: How Quickly Are Homes Going Under Contract? A: Quickly. As you can see above, more homes went under contract in the first 10 days of being listed for sale (808 houses…
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…
If You Might Sell Your Home and Buy A New One In 2021 You Probably Have These Three Questions
I've talked with several folks over the past few weeks who are thinking about possibly selling their homes this year and it struck me that they all had the same three…
Should You Sell Your Rental Property Now?
This is not an uncommon train of thought of late... Wow, look at the list price of that townhouse/house near where I own a rental property. Wait, what!? It's already…
Not Much Negotiability In Home Prices In 2020
Looking back at a full year of data now for 2020, it is impressive to note that the median "list price to sales price ratio" was 100% for the year. This means that at…
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…
So, Will My House Sell For 10% More This Year Than Last?
It's a reasonable question. The median sales price increased from $223,000 to $244,900 between 2019 and 2020 -- which is a 10% increase. So, would your house sell for 10%…
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…
Increasing Home Sales Despite Declining Inventory Levels
Fewer homes on the market means that fewer homes are selling, right? Nope, not necessarily. As you can see above, there have been an average of 38% fewer homes on the…
Local Home Sales, Prices Hit Record Highs In October 2020
Happy Veterans Day and an enormous thanks to all who have served our country! Also, Happy November and Happy Thanksgiving! Speaking of thankfulness, we have a lot to be…
Three Ways To Make A Contingent Offer
If you have to sell your current home in order to buy a new home - there are (at least) three ways to do that... Make an offer before your home is listed for sale. Make…