44% Fewer Homes for Sale in Harrisonburg, Rockingham County


44% Fewer Homes for Sale in Harrisonburg, Rockingham County
By Scott Rogers • September 15, 2016
Buyers are finding fewer and fewer options of homes to purchase in Harrisonburg and Rockingham County as inventory levels continue to decline. The graph above shows the number of homes for sale in early September for each of the past eight years. There are 44% fewer homes for sale now as compared to at the peak of inventory levels in 2010. Even looking over the past year, there has been a 12% decline in inventory. These low inventory levels are frustrating buyers in many price ranges, giving them limited options of homes to purchase and SOMETIMES creating multiple offer situations. If you are getting ready to sell your home, it is important to understand the dynamic of how many other home sellers you will be competing against, so we will want to take a look at inventory levels in your particular segment of the market. 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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