The End Of Double Digit Growth In Median Sales Prices, At Least For Now
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…
About One In Six Home Purchases Are Cash Purchases In Harrisonburg, Rockingham County
How many buyers do you think paid cash for the homes they purchased in Harrisonburg and Rockingham County over the past year? As shown above, about 1 in 6 buyers paid…
Virginia Home Prices Rising A Bit More Quickly Than Harrisonburg, Rockingham County
For four years in a row, the median sales price of homes selling in Harrisonburg and Rockingham County increased by 10% per year -- in 2020, 2021, 2022 and 2023. In 2024…
Inventory Levels Are Likely To Continue To Decline For The Next Few Months
Inventory levels - the number of homes on the market for sale - are likely to continue to decline for the next few months. Above you can see the monthly inventory levels…
Mortgage Interest Rates Headed Down For Christmas?
Christmas is one week away... and mortgage interest rates seem to be dropping in anticipation of the holiday. ;-) So... if you're looking for a last minute gift for a…
Buying A New Construction Townhouse Requires A Bit Of Planning
Most new construction townhouses in the Harrisonburg area are going under contract months before construction is complete. Thus, would-be new construction townhouse…
Should We Call An Almost Bedroom A Bedroom?
Consider these three houses... 1. A house with four bedrooms... plus... a room that has a window and a closet -- but is also a room you have to walk through to get to the…
November Home Sales Surge with 12% Year Over Year Growth and 5% Increase in Median Price
Happy Friday morning, friends! It's hard to believe there are only 19 days remaining in 2024! This year has flown by, and we'll soon be ringing in the New Year! Speaking…
Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well!
It's easy to think, or say, that interest rates and home prices are the largest or main factors affecting whether sellers sell and buyers buy. But... sometimes life…
In Which Room Or Rooms Do You Spend Most Of Your Time?
When you think about buying your next home, think about the room or rooms in which you spend most of your time. Some people spend most of their time in kitchen the…
An Early Look At November Home Sales!
Wow! I wasn't expecting this when I ran a few numbers on November home sales. Last November... only 72 home sales. This November... what!?!!?... 130 home sales. More…
All The Right Spaces In All The Wrong Places
Sometimes a house will have all of the spaces you're looking for (number of bedrooms, living room, family room, dining room, sunroom, office, etc., etc.) but sometimes…