Inventory Levels Creeping Slowly Upward, To Higher Low Levels
Inventory levels - the number of homes for sale at any given time - have been creeping upward for the past 6+ months. With 163 homes for sale, we are now seeing more…
There Will Come A Time When Homes Will Not Sell Instantly, And That Is OK
Over the past year, the median "days on market" has been five days in Harrisonburg and Rockingham County. That means that half of homes that sell are under contract in…
Do Inventory Levels Rise (and fall) With Mortgage Interest Rates?
Q: Do Inventory Levels Rise (and fall) With Mortgage Interest Rates? A: Sometimes Interest rates are on the rise right now... and inventory levels are rising as well…
The Local Real Estate Market Is Constantly Changing
Over the past two years as home sales and home prices have rapidly accelerated upwards, we couldn't assume anything about pricing... We know - your neighbor's identical…
Last Call For Sellers Hoping To Sell To Buyers Hoping To Move Before School Starts
I don't want to mention... the school year... but... it's coming, sooner than we realize. :-) With the start to school only 40-ish days away (depending the school system)…
Price Your Home Reasonably And You Will Receive Reasonable Offers
Now more than ever, appropriate pricing is the key to a successful sale of your home. TOO HIGH... If an identical home sold a month ago for $325K... we shouldn't price…
The Harrisonburg Housing Market Keeps Defying Expectations
After A Worldwide Pandemic... More and more home sales Higher and higher sales prices Faster and faster market pace After Mortgage Interest Rates Almost Doubled... Sales…
Harrisonburg Housing Market Still Speeding Right Along
Happy Tuesday morning, friends! The starting and ending point of summer likely varies for many of us, but it seems like we're somewhere around the middle of summer. Gasp!…
How Quickly Will We Plan To Respond To An Offer On My House?
When we receive an offer, how quickly will we plan to respond to that offer? Well, as is often the answer... it depends... We will certainly look at the acceptance…
But Officer, I Just Slowed Down!?!
So, you're cruising along on Interstate 81 (somehow not stuck in traffic) in a 70 MPH speed zone.... ...but, you're going 115 MPH. Wow! But then, you slow down a bit, to…
The Short Term Rental Market Seems To Be Quite Active In and Around Harrisonburg
If you are looking for a weekend stay, or a week long stay, in or near Harrisonburg there seem to be LOTS of options on AirBNB. The search above, showing 93 options, was…
New Home Construction (For Sale or Rent) Is Likely The Only Path Towards A More Balanced Local Housing Market
Over the past two (to five) years the local real estate market has seen... [1] More and more homes selling. [2] Higher and higher sales prices. [3] Higher and higher…