Market Balance By Price Range


Market Balance By Price Range
By Scott Rogers • August 9, 2016
Many housing market analysts consider a six month supply of homes for sale to be an indication of a market that is balanced between buyers and sellers. As such, and based on the information presented above, it would seem safe to say that.... It is a seller's market under $200K, with only 4 months of supply available. The $200K - $300K market is balanced between buyers and sellers. Buyers still have a slight edge in the $300K - $400K market. The $400K+ market is a buyer's market --- with one big caveat -- we almost always see lots of supply in this price range, and some sellers don't really "have to" sell, so it may be the case that a nine month supply (for example) is a balanced market in this price range. For even more analysis of our local housing market, check out.... 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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