Should You Sell Your Rental Property Now?
This is not an uncommon train of thought of late... Wow, look at the list price of that townhouse/house near where I own a rental property. Wait, what!? It's already…
Why Is Unmet Home Buyer Demand So High In Harrisonburg?
Earlier this week I was chatting with some friends and clients who relocated out of Harrisonburg (out of state) nearly a decade ago. They are now looking to move back to…
What Are You Saying With The List Price Of Your Home?
Let's say buyers, sellers and Realtors in our local market would all agree that a house is worth $275,000. Here are a variety of list prices that a seller might…
Just Off The Mark. The Value Of Looking At Homes A Bit Beyond Your Typical Search Parameters
If you're looking for a four bedroom home, it might be worthwhile to look at a few homes with three bedrooms. If you plan to buy a home under $300K, it might be…
When Should I Start Looking For A Home To Buy If My Lease Ends This Summer?
If you have a lease ending this summer and you are thinking about buying a home instead of renewing that lease, you might think you have PLENTY of time before you need to…
There Are Usually Two Phases Of Looking For A Home
OK - right now - it might really just feel like one phase, but humor me... There are typically (in most markets) two phases of looking for a home to purchase once you…
January Housing Inventory Levels Sink To New Lows
We like somethings to be low - like mortgage interest rates. But inventory levels - it really isn't ideal for them to be this low - except for sellers, I suppose. For…
Will Buyer Activity Continue Full Strength In January?
As shown above, the past three months (October, November and December) were absolutely bonkers as far as contract activity in Harrisonburg and Rockingham County. We saw…
Most Homes Sold Quickly In 2020!
The graph above is an analysis of all of the homes that sold during 2020 in Harrisonburg and Rockingham County. You'll note that 69% of those homes sold (went under…
Not Much Negotiability In Home Prices In 2020
Looking back at a full year of data now for 2020, it is impressive to note that the median "list price to sales price ratio" was 100% for the year. This means that at…
At Year End, Home Sales Up 13%, Prices Up 10% in 2020 in Harrisonburg, Rockingham County
Happy New Year, friends! 2020 was a year like no other - in our local housing market - and in many (many!) other ways. I hope you and your family are doing well, staying…
Largest Inventory Declines In Lowest Price Ranges
As will come as absolutely no surprise to anyone looking to buy a home under $200K, or even under $300K, there are far fewer options of houses on the market now as…