Home Sales Solid, Contracts Strong, in November 2019
Happy December, friends! The end of the year is approaching, so let's take one last partial-year look at our local housing market before we have a full twelve months of…
Home Buyers Have Had Fewer Choices Nearly All Year
The blue line above shows the number of homes for sale at the end of the month for the first six months of last year, 2018. The orange line shows the same (homes for sale…
Sales Slow, Prices Plateau, Contracts Console in First Quarter 2019
Just like that - the year is already more than 25% behind us. Looking back over home sales activity during the first quarter we find a mixed bag of market indicators…
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…
What Would It Take For New Construction (For Sale) Housing To Be Built, At Scale, In or Around Harrisonburg
As you may have heard -- the market is hot -- sales are stead, inventory levels are declining and homes are selling more and more quickly. Perhaps, just perhaps, we need…
City Housing Inventory Levels Stabilizing, At Extraordinarily Low Levels
Perhaps inventory levels (number of houses for sale) can only go so low in the City of Harrisonburg. As shown above, inventory levels are "stabilizing" around 100 homes…
Home Sales Slow Slightly in September But Prices Still On The Rise
Before we dive into this month's market report, check out this featured home in Stone Spring Village by visiting 1520AppleRidgeCourt.com. Now, on to our local real estate…
Is Overbuilding Occurring In Harrisonburg That Will Affect Buyers Of Investment Properties
I am working with several real estate investors who are considering the purchase of townhouses in the $140K - $170K price range that they would intend to rent to young…
Local Housing Market Cools, Slightly, in August 2018
First, learn more about this new listing in Lakewood Estates by visiting 1285CumberlandDrive.com. Now, on to our local real estate market -- I just published my most…
Townhouse Sales Trends in Harrisonburg and Surrounding Areas
This is a somewhat limited analysis, but I think it can be helpful to understand what we're seeing in changes in demand for new-ish townhouses in the City of Harrisonburg…
Can New Homes Be Built That Buyers Will Want and Can Afford?
OK -- lots of great thoughts from folks over on Facebook yesterday, and in person as I talked to people around town yesterday, after I suggested that our market needs…
Housing Inventory Shortages in City of Harrisonburg Should Not Be Surprising
If only we could have seen this coming. :-) Just kidding -- we have seen it coming. Knowing it was coming, though, didn't seem to inspire any actions to change the…