Each price segment of the Harrisonburg and Rockingham County real estate market is experiencing something somewhat different.  Each month I break it down into three basic price ranges . . .

Homes priced under $200,000 - - - 6 months of supply available - - - no change from last month

Homes priced between $200k and $350k - - - 10 months of supply  available - - - supply is up, from 8 months

Homes priced over $350,000 - - - 20 months of supply availble - - - supply is down, from 22 months

In an ideal world (for both buyers and sellers) we'd see 6 months in all three price ranges.  This is considered by many to be a healthy amount of homes on the market such that neither seller nor buyer has a significant advantage in negotiations.  What follows, then, is that buyers of homes over $350,000 have the potential for quite a bit of negotiating power.

For those who loves the numbers, here is the methodology. . .

	Under $200,000	$200k - $350k	Over $350,000
	Sold in September: 29	Sold in September: 32	Sold in September: 4
	Sold in October: 51	Sold in October: 40	Sold in October: 10
	Sold in November: 58	Sold in November: 35	Sold in November: 13
	Avg Sold / Month: 46	Avg Sold / Month: 36	Avg Sold / Month: 9
	Available: 287	Available: 342	Available: 184
	Months Supply: 6	Months Supply: 10	Months Supply: 20

This analysis is based on sales for Harrisonburg and Rockingham County, as reflected by the Harrisonburg/Rockingham Association of Realtors.