Does lingering snow keep housing inventory low?


Does lingering snow keep housing inventory low?
By Scott Rogers • March 4, 2015
Have you heard? We might get another 6 inches of snow!?! I have met with a variety of homeowners over the past two weeks who are planning to put their houses on the market "this Spring" -- though the timing is coming into question, with this snow that just won't seem to melt. And....we're apparently going to get some more tomorrow. Which begs the question - are we seeing significantly lower inventory levels than we usually see at this time of year based on the snowfall? In short, not necessarily. Above, you'll see that current inventory levels (546 homes for sale) are just about the same spot they were a year ago. Though, you might recall that we also had a rather bitter winter last year -- so perhaps these 550/546 level is a depressed level compared to a normal level of around 600 - 650 based on 2012 and 2013? All I can say is that I'll be glad (as will my seller clients) when the snow has all come and gone, and the grass starts getting greener, and the flowers start to bloom. 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 22, 2024 (unless otherwise noted).
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