All market indicators are positive for home sellers
Sellers are certainly enjoying themselves these days. Perhaps because it wasn't too many years ago that sellers were having a difficult time selling their homes. My oh my…
Just how low are housing inventory levels right now?
Low, low, super low! I talk with some regularity about how low inventory levels are right now This is not just a seasonal thing. Inventory levels don't get this low every…
Hold On Tight, the Spring Real Estate Market is Coming!
The spring market is coming -- and it is coming fast! New listings are start to pile onto the market, and we are likely to see contracts and closings accumulating as…
Will the Median Sales Price of Townhouses Perk Up in 2017?
Despite increases in the pace of sales over the past five (!!) years, we have not seen increases in the median sales price of these properties over the past two years. In…
February Home Sales (and temperatures) Higher Than Expected
The beautiful home on the cover of my market report is 135 York Place - check it out here! Yes, yes, I know. Within mere hours of sending this market report that mentions…
Monitor New Real Estate Listings via Twitter
Are you a Twitter user? If so, you can keep up with new residential real estate listings in the Harrisonburg and Rockingham County area by following @NewListHburg. So…
Predicting Home Values Based On Purchase Date
The chart above is calculated based on comparing the 2016 median sales price to the median sales price in each of the prior 15 years. Several key points to take away from…
Should your home be staged before it goes on the market?
Home staging is the act of preparing your home for sale by making it appealing to the highest number of potential buyers, thereby selling a property more swiftly and for…
Median Price Per Square Foot is On The Rise
In addition to watching how the median sales price changes over time, it can be quite insightful to see how the median price per square foot of sold homes changes over…
Easy Access to Archived Harrisonburg Housing Market Reports
You can now access market reports back to 2013 by visiting HarrisonburgHousingMarket.com. Whether you are looking for the most recent report, or if you are interested to…
Maybe interest rates will stay below 4.25% after all
Well, things weren't looking so good for a while there. Just after the election interest rates shot up from 3.6% (+/-) all the way up to 4.3% (+/-). In that moment, it…
Sales Prices Rising Faster in County Than in City
Sometimes I have more questions than answers. Or more observations than explanations. As shown above, the median sales price of homes in Rockingham County has increased…