So, I'll have 671 great homes to choose from, right?


So, I'll have 671 great homes to choose from, right?
By Scott Rogers • February 22, 2012
With 791 home sales during 2011, and 671 homes on the market, one might assume that there are PLENTY of homes for buyers to choose from, right? That is over 10 months of supply, you know, which means that approximately 1 out of 11 homes will go under contract each month (11 not 10, to account for new listings). But looking a little closer, perhaps there won't be 671 great options to choose from.... Now admittedly, there are plenty of homes that have been on the market for more than three months that will be interesting to buyers (and will sell), because: perhaps the right buyer didn't enter the buying market until a house was on the market for six months perhaps a seller adjusts the price of their house to make it a possibility for a wider set of buyers Needless to say, though, a good portion of the current listing inventory is comprised of houses that have been sitting on the market for some time now. So if you're considering selling this spring, don't get too overwhelmed with the 10+ months of supply of homes on the market. If your home shows well, is priced well and is marketed well, you can do well in selling. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase 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? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
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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