One Out Of Four Homes Is Taking Longer Than A Month To Sell


One Out Of Four Homes Is Taking Longer Than A Month To Sell
By Scott Rogers • November 11, 2024
Plenty of homes are still selling (going under contract) plenty quickly. But, not all of them. Over the past three months (Aug 10 - Nov 10) we have seen 315 home sales in Harrisonburg and Rockingham County as recorded in the HRAR MLS. Of those 315 home sales... 85 of the homes took more than 30 days to go under contract. Thus -- 27% of homes are taking longer than a month to go under contract. So... if you are getting ready to sell your home, I am hopeful that it will be under contract within a matter of days... or weeks... but it could take more than a month to sell. Not too many years ago, this was quite normal and not at all unusual -- but over the past five or so years, the pace of the market has increased so much that it might seem unfathomable that it might take more than a month for your home to sell. Receive Updates by Email Recent Articles: Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? Consider The Cost Of Your Planned Renovations When Planning Your Offer We Will Likely See Fewer New Listings Over The Next Few Months
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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