Chickens and Eggs when Selling and Buying
That age old question -- which came first, the chicken or the egg -- applies to our local real estate market more than ever this year. There will always be folks, perhaps…
With low inventory levels, it is crucial that you know about new listings FAST!
Most of my clients use NewListingsInHarrisonburg.com to keep track of new properties coming on the market in Harrisonburg and Rockingham County. You can quickly and…
Has the Market Slowed Down in September?
It seems it may have.... As shown above, only 69 properties have gone under contract thus far in September 2017 -- as compared to 113 last month. Of note.... It's only…
The Value of Your Home Based On When You Bought It
Can historical median sales prices give you some sense of your home's current market value? Perhaps so! The chart above is calculated based on comparing the 2017 median…
If you think housing inventory levels are low now....
If last year is any indication, get ready to see inventory levels falling over the next few months almost as fast as the leaves are falling off the trees. In all…
How much of the City of Harrisonburg single family housing stock sells in any given year?
OK -- I'll point out, from the start, that I'm making things a bit more complicated here. I'll partially blame Derik, as he asked the question. OK - the graph above, is…
Are $150K - $250K Detached Homes Available in the City of Harrisonburg?
HINT -- this is a bit of a trick question. Again.... Are $150K - $250K Detached Homes Available in the City of Harrisonburg? Ignore the graph above for a moment -- and…
5.5% Increase in Year Over Year Median Sales Price
OK -- a slightly complicated headline -- let's break that down.... Looking at home sales over the past 12 months (Sep 2016 - Aug 2017) in Harrisonburg and Rockingham…
Housing Market Slows (but prices rise) in August 2017
Find out more about the home shown above, with detached garage and apartment, here. As Geoffrey Chaucer put it - "all good things must come to an end" -- and August 2017…
Single Family City Homes Under $200K (even $300K) in Short Supply
Some of these numbers are hard to fathom.... [1] Even though (65) single family homes sold between $100K and $200K in the City in the past year -- there are only (5) such…
Fall is not the absolute worst time to sell your home
Fall is, however, the second-worst time of the year to sell your home. :) The data above reflects the timeframe during which properties went UNDER CONTRACT -- not when…
This is not a balanced real estate market
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). The “BUYERS” trend…