Local Real Estate Market Holds Steady in January 2019
I hope you are finding time to enjoy this one sunny day this week - amidst clouds, rain and snow the rest of the week. Perhaps the bright news in this update on the real…
Should I Wait For A Better House To Come On The Market?
This is a common question at this time of year -- as new listings start to trickle onto the market -- but before the deluge (hopefully!?!?) of new listings in March and…
Home Sales Accelerating Faster In City Over Past Five Years
Now, for the annual showdown between the City of Harrisonburg and Rockingham County, though first noting that: City of Harrisonburg = 17.41 square miles (around 13K…
Perhaps The $225K Median Sales Price Is More Sustainable This Time
The median sales price of detached homes (single family homes) cleared $225K in 2018! Oh, but wait, this happened before, didn't it? Yes, actually, we saw a median sales…
Harrisonburg Year End Housing Market Report Shows Increases in Sales and Prices
Happy Cold and Snowy January - and Happy New Year! Before we look back at a summary of our local real estate market in 2018, take a few minutes to explore the featured…
When Will Home Buying Activity Ramp Up in 2019?
It should be no surprise that buying activity (contracts being signed) slows down over the Winter. As shown above -- an average of 75 buyers sign contracts in January…
When Are You Least Likely To Sell Your Home?
OK - these numbers are a bit abstract, but still interesting, in my opinion. The graph above is NOT showing a distribution of when buyers are buying homes. The likelihood…
Buying A Home Is, Unfortunately, Not As Simple As Buying Now With One Click
Purchasing a home can be fun, exciting, thrilling, and fulfilling....but that very same process can also have its moments of being hard, frustrating, disappointing and…
Despite Slower November, Home Sales Still Stronger Than Last Year
Before we dive into this month's market report, check out this featured home by visiting 819GreenbriarDrive.com. Now, on to our local real estate market -- I just…
The Impact Of Higher Mortgage Interest Rates
One year ago, the average 30-year fixed mortgage interest rate was 3.94%. Today, that same average rate is 4.81%. Does this rise in mortgage interest rates impact buyers?…
Will housing inventory levels improve next year?
If you have been looking for a new home to buy all Spring and Summer and Fall of this year -- and didn't find one, which you blame on having very few homes from which to…
Home Sales Rise Yet Again In October 2018
Before we dive into this month's market report, check out this featured home in Highland Park by visiting 4350BrownRoanLane.com. Now, on to our local real estate market…