Just How Fast Are Home Selling These Days?
"Days on Market" is the number of days that pass before a property is under contract. Thus, if a home is on the market for 10 days before a contract is signed, the "days…
Home Sales Slow, Prices Pop, Contracts Climb
Find out about this beautiful home at Preston Lake: 3168PrestonLakeBoulevard.com. I just published my most recent monthly market report, and as usual, you can read on for…
Focusing Only On One Comparable Sale Can Lead Us Astray
It's easy to want to do this -- as either a buyer or a seller. Let's think about it using the mostly fictional illustration below... THE BUYER'S STATED PERSPECTIVE I know…
In The Real Estate World, It Is Almost Time For Kids To Go Back To School
Yes, I know, I know, the school year hasn't even ended yet. So why am I already thinking about when school aged kids are going to be going BACK to school in the Fall!?!…
Home Prices Edge Upward As Demand Exceeds Supply
Find out about this newly listed custom home: 2550RamblewoodRoad.com. I just published my most recent monthly market report, and as usual, you can read on for an…
Where Will Recent JMU Graduates, Staying In Harrisonburg, Buy Houses?
It's a numbers games, folks.... Some percentage of each graduating class at JMU (and EMU, and Bridgewater College) will decide they want to stay in Harrisonburg and make…
Understanding the Total Financial Impact of Selling AND Buying a Home
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you'll sell for your closing costs when selling your mortgage payoff…
Hey Builders, Harrisonburg is an Increasingly Popular Place to Live, Keep Up, Please!
OK -- no numbers today. Just a few thoughts that have been coming up in conversation after conversation over the past year. Inventory levels (the number of houses for…
Should You Be Dejected If Your House Does Not Sell In One Week?
Should You Be Dejected If Your House Does Not Sell In One Week? It depends. For example -- in the City of Harrisonburg, 26% of homes that have sold thus far in 2018 have…
How Historic Are Our Current Low Housing Inventory Levels?
Just how historic are the current low housing inventory levels? Quite historic, it seems. The graph above shows the inventory level at this time of year (end of March)…
Just How Speedy Does A Home Buyer Have To Be These Days?
Some homes are absolutely FLYING off the shelf -- under contract within 48 hours, with multiple offers, sometimes over the asking price. So -- are all homes selling that…
Home Sales and Prices Rising, Time on Market Falling
Find out about this newly listed custom-built home with amazing views: 973SmithAvenue.com. I just published my most recent monthly market report, and as usual, you can…