Local market insight since 2007
Ah yes - a good question - buying and selling - can it even be done in 2025? You own a home, but you want to buy a new one. You can't buy the new one until you sell the…
If you will be a first time home buyer, or if you are getting ready to buy a home for the fifth time in your lifetime, you may have questions about the home buying…
In the overall Harrisonburg and Rockingham County real estate market, home prices are on the rise. Here's how the median sales price has increased in our market over the…
Happy New Year, friends! The high temperature actually made it up to 40 degrees today, a slight reprieve from the frigid temperatures over the past week. I think we've…
Here are some of the reasons why 2025 might be a great year to sell your house AND the reasons why it might not be a great year to sell your house. 2025 could be a great…
A year ago, I noted that there were only (28) building lots on the market in the HRAR MLS with a Harrisonburg or Rockingham address. Now, there are just (18) such…
Between 2015 and 2020 we were seeing new home sales making up between 10% and 15% of all home sales. Since then, the portion of all home sales that are new home sales has…
The last few years in the Harrisonburg and Rockingham County real estate market have not been entirely predictable but let's take another go at it for 2025... 4% Increase…
The 2024 real estate surprised me -- at least as far as how many homes were purchased and sold. Mortgage interest rates remained quite high (compared to some of the past…
Happy New Year! A few more 2024 home sales might be reported in the HRAR MLS over the next week -- but the total shown above will be relatively close to the total number…
The chart above shows December contract activity for the past four years. The only caveat I'll add is that the last day of 2024 contract activity is not included in the…
Looking back over the past 24 years, there have been two multi-year periods of rapid increases in the median sales price in Harrisonburg and Rockingham County... 2004…
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