Local market insight since 2007
Let's say your three neighbors just sold their homes for $400K... ...but when comparing your home to the homes sold by your neighbors... Your house needs $10K of painting…
The numbers above might surprise you given that the median days on the market in 2023 is a mere six days. But that median of six days on the market is related to homes…
Mortgage interest rates have been declining for the past two weeks... or "plunging" as I saw it described in one news article. Let's put it all in a bit of a larger…
Happy Monday, Friends! Before we get to the real estate news...can we just start by saying... Go Dukes!?! JMU has been on a roll over the past few weeks and months in…
Not be Debbie Downer here but it seems likely that home buyers in Harrisonburg and Rockingham County are likely to have fewer options of homes to purchase in the next 12…
This is a totally made up graph. I don't know how I would actually measure "how perfect a house must be" to a buyer. But I will point out that... 1. When mortgage…
The median sales price in Harrisonburg and Rockingham County has risen 10% over the past year. That's an increase from $292,000 to $322,750. As such, it really does not…
Over the past few years, thousands of potential new housing units have been proposed to be built in the City of Harrisonburg and Rockingham County. Some of these new…
Mortgage interest rates are higher they have been in over 20 years. Home prices are higher than they have ever been. Combine these two factors and you'll find monthly…
A liquid asset is an asset that can be easily converted into cash in a short amount of time. Is real estate a liquid asset? Nope. Did it feel like it was during 2020…
For a few years now, just about every new listing was going under contract in a matter of days, regardless of the time of year it was listed for sale. Big house, small…
The graph above takes a look at the list prices of current listings of resale (not new) homes for sale in Harrisonburg and Rockingham County. The price shown is the…
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