Looking Back At My Predictions For The 2022 Harrisonburg Real Estate Market
Within the first week of 2022 I made two predictions for the 2022 Harrisonburg and Rockingham County real estate market related to how many home sales we would see, and…
Median Sales Price In A Larger (Longer) Context
We have seen three distinct periods of changes in the median sales price in the Harrisonburg and Rockingham real estate market... 2000 - 2006 = Growth 2007 - 2014 =…
Annual Home Sales In A Larger (Longer) Context
Even after the last few home sales of 2022 are tabulated, we'll see a net decline in the number of homes selling in 2022 as compared to 2021. In the graph above I have…
An Appraisal Contingency Should Not Worry Most Home Sellers
For a few years now, in a highly competitive seller's market, buyers were waiving contingencies left and right... No Home Inspection Contingency! No Radon Test…
Home Sales Slow In November 2022, But Prices Keep On Rising
Happy Tuesday morning, friends! Winter is upon us. The holidays are upon us. I hope you have been enjoying the variety of Christmas light displays in and around…
Comparison Shopping (For Homes) Is Difficult In A Low Inventory Market
If you were going to buy a ____, it would probably be nice to look at multiple options, compare them, and then decide which one to buy, right? That is often possible with…
So You Think Home Prices Will Decline? We Would Likely Need To See Much Higher Inventory Levels First!
It's all about supply and demand. Over the past few years there have been plenty of home sellers... but WAY more home buyers. This resulted in buyers fighting over each…
53 Townhomes Proposed Near Intersection Of East Market Street, Stone Spring Road
click here for a larger file A 53 unit townhome development is being proposed directly on East Market Street, just prior to the 7-11 gas station at the corner of East…
There Are Still Plenty Of Buyers For Many Houses In Many Price Ranges
Some segments of the local real estate market are slowing down... New listings that would have had 20 showings in the first week a year ago are now only having two or…
High Buyer Demand Keeps Prices Rising Despite High Interest Rates, But What If...
Between 2019 and 2021 we saw very high levels of buyer demand... and very low mortgage interest rates... which lead to higher and higher sales prices. In 2022 we saw…
The Conundrum Of What Price To Offer On A Slightly Overpriced New Listing
Oh, silly sellers, why did you have to make this so difficult!? ;-) There's a fantastic new listing on the market... very likely worth $415K. But... the sellers listed it…
Are Things Slower Now In The Local Real Estate Market?
This is the number one question I am asked these days when I am chatting with non-buyers and non-sellers around town. In other words, folks who are not currently buying…