Most Contracts Result In Home Sales


Most Contracts Result In Home Sales
By Scott Rogers • November 27, 2017
Most of the time, it seems, a contract will result in a closing. OF NOTE -- this is a very (very!) imprecise analysis. In some ways, it is most useful as an indicator of trends over time, but here goes nonetheless.... Per the data above, in 2016.... 1,331 contracts were signed by buyers and sellers 1,309 closings took place between buyers and sellers Does this mean that only 22 contracts fell through? Well, sort of.... Some of the contracts signed in 2016 resulted in closings in 2017. Some of the closings in 2016 were the result of contracts in 2015. But, despite that slight fuzziness, it seems that the success rate of contracts rose to a new high in 2016 -- and thus far in 2017 has been a bit slower than last year -- though on pace with 2015. So -- if, as a buyer, you see your dream home go under contract -- the chances are, it will really sell to that lucky buyer. And -- if, as a seller, your home goes under contract -- the changes are, the buyer will really make it all the way to closing. That's not to say that you won't, as a seller, have to navigate some speed bumps when it comes to the home inspection (for example) but most of the time (> 90%) contracts are resulting in closed sales in Harrisonburg and Rockingham County. 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).
Comments (0) or Subscribe