Local Home Sales Surge to 82 Month High in July 2014
Featured Property: 4105 Kaleb Drive, Penn Laird, VA 22846 I just published my monthly report on the Harrisonburg and Rockingham County real estate market and July 2014…
Buyers are finding more single family homes for sale, but significantly fewer townhouses, duplexes and condos
Buyers are finding significantly more (+13%) single family homes to choose from these days (as compared to a year ago) but significantly fewer (-18%) townhouses, duplexes…
Local Housing Market Heats Up in June 2014
Featured Property: 7894 McGaheysville Road, Penn Laird, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market and the local…
Are low interest rates (several years ago) making some owners less likely to sell?
Are low mortgage interest rates from 2012-2013 keeping today's inventory levels down? Sound confusing? Read the excerpt above, or the entire article on the Matrix…
Sellers believe the local housing market is recovering
The graph above examines the trend in the number of homes for sale in Harrisonburg and Rockingham over the past seven years. After three years of declining inventory…
Puzzling start to 2014 for local housing market
Featured Property: 1103 Dices Spring Road, Weyers Cave, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market and thus far…
Inventory Up 17% Over the Past Two Months
Finally, the weather is warming up, and homeowners are putting their houses on the market. Inventory levels are starting to increase in the typical spring surge. Good for…
Changes in Number of Homes For Sale, By Price Range
Above you can see the changes in inventory levels over the past year in four price ranges.... Under $200K (-1%) no significant change $200K - $300K (-15%) buyers have…
Home Sales Still Soft at Start of Spring Selling Season
Featured Property: 310 Victoria Drive, Bridgewater, VA 22812 I just published my monthly report on the Harrisonburg and Rockingham County real estate market -- click here…
Average Number of Contracts in March 2014
Many people I talked to during March said it seemed as if LOTS AND LOTS of properties were going under contract during March. As it turns out (shown above) there were…
Inventory Levels Down Year Over Year
Much to some home sellers' dismay, my post yesterday was merely an April Fools Day joke. So, where do we really stand as far as current inventory levels? There are more…
Inventory Levels Plummet As Warm Days Return
Apparently, all we needed were a few warm days.... Inventory levels have drastically declined over the past week --- confirming that there really were plenty of home…