Which price range of homes have been hit the hardest with reduced inventory levels?


Which price range of homes have been hit the hardest with reduced inventory levels?
By Scott Rogers • January 23, 2017
As shown above -- all price ranges have not been affected in the same way with inventory changes over the past two years. The most affordable price range (under $200K) has been the hardest hit -- with a 35% decline in the number of homes for sale. Part of this is an inventory issue (homes not being on the market) but part of it is also an appreciation issue. Homes have increased in value over the past two years, pushing some under $200K homes up into the $200K-$300K price range. We are also seeing declines in the $200K-$300K price range (-20%) and the $300K-$400K price range (-16%). In fact, the only segment of the market where we have seen an increase in the number of homes for sale is in the $400K+ market. In 2017, I believe that the under $200K buyers will have the most challenging time finding a home that works well for them. You can find out more about the Harrisonburg and Rockingham County real estate market by visiting.... And here are two handy references to prepare yourself to buy or sell a home.... BuyingAHomeInHarrisonburg.com SellingAHomeInHarrisonburg.com 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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