Hey Builders, Harrisonburg is an Increasingly Popular Place to Live, Keep Up, Please!


Hey Builders, Harrisonburg is an Increasingly Popular Place to Live, Keep Up, Please!
By Scott Rogers • April 19, 2018
OK -- no numbers today. Just a few thoughts that have been coming up in conversation after conversation over the past year. Inventory levels (the number of houses for sale at any given time) have been quite low when looking at the City of Harrisonburg and immediately surrounding areas. Many buyers are having a tough time finding a home to buy. Many houses are selling quickly because there are many buyers who want to buy them when they hit the market. I believe a significant reason why housing inventory levels are so low is because people are deciding they want to live in (or stay in or move to) Harrisonburg faster than builders are building new homes for them to purchase. Sometimes it is young adults who just graduated from JMU, EMU, or Bridgewater College and who want to stay in the area. Sometimes it is a local college grad moving back after having had a taste of life in the big City. Sometimes it is parents of these college grads turned Harrisonburg residents who are moving to Harrisonburg to be close to the grand kids. Whomever it happens to be -- more and more people are deciding they want Harrisonburg (or close to it) to be their home. And I believe they are deciding this at a faster rate than new homes are being built. Side note -- lots of rental housing is being built right now. This sort of helps -- people can rent if they can't find something to buy -- but it is not a viable long-term solution. So -- builders -- let's get to building some new homes, why don't we? It is time -- the home buying population is growing, and needing housing.... 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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