Is $250K The Sweet Spot of our Local Housing Market?
As Hannah observed out this morning (thanks Hannah!) the $250K price point seems to be the sweet spot for our market. As a random aside, while I use the expression "sweet…
What homes are NOT being built?
The graph above is not based on any actual data -- it's based on my experience of our local market, and conversations with a variety of buyers over the past few years. It…
Contract Activity Actually Slowed in April 2018
This has been a ridiculously fast paced first four months of the year in my small corner of the local real estate world. As shown above, sometimes, my desk seems to be…
New Images of Proposed (Privately Funded) Downtown Park
I'm going to let these images speak for themselves (in a moment) but wanted to provide the update that plans are still progressing for a proposed privately funded park in…
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…
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)…
Best First Quarter of Home Sales in Ten Years
Indeed -- this year is off to a FAST start. As shown above, we saw more home sales in the first three months of this year than any other year in the past 10 years!…
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…
City Council to Examine Plan to Build Downtown Park
Harrisonburg City Council has agreed to further explore an unsolicited proposal to build a downtown park from Build Our Park, a community-led nonprofit organization…
If My City Home Is Not Under Contract In 18 Days Is The Price Too High?
In the past 12 months -- properties in the City of Harrisonburg have sold with a median "days on market" of 18 days!?! That is fast!! Perhaps faster than the speeding…
Local Real Estate Market Starts to Pop in February 2018
Find out about this newly listed (today!) City home at 1173PortlandDrive.com. I just published my most recent monthly market report, and as usual, you can read on for an…