How hot is the market?  How quickly are things moving?

It depends on the price range, location, property type and more.

There are quite a few houses still going under contract within just a few days... with multiple offers... with escalation clauses... with waived contingencies.

But that is no longer the case for all (or nearly all) new listings -- as it was for a few years.

There are plenty of homes that are either...

1.  Not going under contract during the first week.

...or...

2.  Going under contract in the first week, but with only one offer, and with inspection contingencies.

So... how do we know if your house will receive multiple offers with escalation clauses and waived inspections?  We'll hope that is the case, of course, but the best way to try to predict that is by...

1.  Looking at how quickly highly similar homes have gone under contract over the past few months.

2.  Compare the list price to the sales price for those highly similar homes.

In the end, we won't know for sure how many offers you will receive, and what the terms of those offers might be, but in the current market in Harrisonburg and Rockingham County...

1.  It is still quite possible that there will be multiple offers, with escalation clauses, and waived inspections.

...but...

2.  It also quite possible that you will not have multiple offers, or escalation clauses or waived inspections.

It is still a strong seller's market in most price ranges, in most locations, for most property types -- but it is not a ridiculously strong, significantly lopsided, crazy, topsy-turvy seller's market for any and all properties like it was for a few years.

If you will be selling your home soon, let's take a peek at the latest data related to highly similar home sales to make our best guess as to how the market will respond to your home once it is listed for sale.