Listing Inventory Drops 12% In Less Than A Month
As I type, active listing inventory in Harrisonburg and Rockingham County stands at 745 residential listings --- which I believe is the lowest level we've seen in the…
The bigger they are (houses), the harder they fall (sales)?
At the current pace of the market, it would take 21 months to sell all of the housing currently on the market in Harrisonburg and Rockingham County priced over $400,000…
Does anyone really decide to buy a house between mid-December and mid-January?
Actually, yes.... Last year, between December 15 and January 14, buyers wrote contracts on 43 homes in Harrisonburg and Rockingham County. Compare this to the past twelve…
If you are trying to sell your home, you might want to check out your competition.
I continue to find it quite amazing that one-third of the homes that sell these days do so within 90 days of when they come on the market. However, even with that…
Just because a house is your best option, doesn't mean you should buy it!
There is a strange conundrum in the market right now --- how can inventory levels be so high, buy yet buyers aren't finding any homes they want to purchase? As you can…
How much housing supply exists in Harrisonburg and Rockingham County?
It really depends on how you measure housing supply. Here's the graph I include in my monthly market report.... This graph (above) shows the number of months of supply in…
A Falling Tide . . . Some Ships Sink Sooner
Yesterday I discussed that when the real estate market improves all homes will increase in value. Thus, holding out to sell your current home for a higher price won't do…
Online Property Views and Residential Property Sales Appear To Be Heading Up!
A lot of you might view properties online today --- only a few of you might close on a home sale today. That said, there often seems to be a correlation between the…
Local Home Sales Slow in August, Still Strong YTD
Below are several highlights from the September 2010 Harrisonburg & Rockingham County Real Estate Market Report. Read on, or click here to download a PDF of the entire…
Is My House Overpriced?
This is a question that many home sellers are wondering these days in and around Harrisonburg -- and perhaps all across the nation. Let's see why.... A real estate market…
Home Sales (and Inventory) Soar in June 2010, Contracts Decline
Click here for the full July 2010 Harrisonburg & Rockingham County Real Estate Market Report. We're not out of the woods yet, but several indicators are quite positive in…
Local Home Sales Up 10% in 2010, Prices Down 4%
Click here to view my full June 2010 Harrisonburg & Rockingham County Real Estate Market Report. Exciting Fact #1 --- May 2010 home sales declined 5% as compared to May…