Some, But Not All, New Listings Will Still Have Multiple Offers Within Days!
Some new listings are now remaining on the market for a week or two -- instead of a day or two -- before going under contract. That being the case, there are still plenty…
Many Home Buyers Now Find They Can Actually Think For A Minute Before Making An Offer
For a few years now, many home buyers in Harrisonburg and Rockingham Countuy have felt the PRESSURE to make a decision QUICKLY after viewing a new listing. Monday, 8:00…
Current Housing Market Trends In Four Lines, Two Curves
I sent out a long and detailed market report yesterday with lots of data, charts and graphs. You can find it here. But maybe you don't want to read something that long…
Slightly Fewer Homes Are Selling At Ever Higher Prices
Happy Monday morning, friends! What a delightfully warm fall we had this year! I hope you have taken advantage of the beautiful weather and explored some of the many…
10% Of A Big Number Is... A Big Number!
Between 2020 and 2021, the median sales price of a detached home in Harrisonburg and Rockingham County increased by over ten percent! Between 2021 and 2022, the median…
The Buyer Pool For Starter Townhouses May Be Smaller For Now
Starter townhouses (think two story, 15 - 25 year old) in the City of Harrisonburg used to sell for $150K-ish but have increased in price over the past five years to a…
Where Do Home Prices Go From Here?
This is a question very much on the mind of potential home buyers and potential home sellers in the local real estate market in late 2022... Where DO home prices go from…
October 2022 Contract Activity Has Dropped Significantly, Sort Of
Has the local real estate market slowed down? Oh yes, quite a bit! How so? Last October 156 homes went under contract in the first 27 days of the month... and this year…
Good Reasons To Allow And Disallow Showings Before Your House Is Listed For Sale
In almost all cases, I do not recommend having showings of your home before it is listed for sale. But, as with most things in life, there are some exceptions. Here are…
Engaging With A Lender Continues To Be Essential For Buyers And It Does Not Have To Be Scary
The local real estate market might be slowing down, a touch. For the past year the median "days on market" has been five days... which means that half (or more) homes…
If You Are Hoping To Sell Your Home In 2022, List It Very Soon, Or Adjust The List Price Very Soon!
Summer just ended, right? It's just barely fall, right? There's plenty of time remaining in 2022, right? Well, sort of. Most real estate transactions take around 45 days…
Contract Activity Seems To Be Slowing Down (Quite A Bit) In October 2022
It's best not to get your face too close to the data. The closer we look at the data, at a smaller and smaller data set, the more likely we can find ourselves concluding…