Just How Speedy Does A Home Buyer Have To Be These Days?


Just How Speedy Does A Home Buyer Have To Be These Days?
By Scott Rogers • April 17, 2018
Some homes are absolutely FLYING off the shelf -- under contract within 48 hours, with multiple offers, sometimes over the asking price. So -- are all homes selling that quickly? Nope. Homes are selling faster in the City than the County, so I thought I would break things down in the City based on sales thus far in 2018 -- 1/1/2018 through 4/16/2018. As shown above, about 25% of the homes that have sold this year did go under contract within a week. That is significant -- those were speedy sales, without much time for a buyer to think and process and decide what to do. Add in the homes that go under contract within the first month (but not in the first week) and you are starting to approach half of the homes in our market. So -- yes,depending on your desired location, price range, etc., you may need to be ready to act FAST! But -- all City homes listed for sale are not going under contract within a day or two. There are plenty that are taking a somewhat longer, normal, period of time. Read more about our local housing market at HarrisonburgHousingMarket.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 21, 2024 (unless otherwise noted).
Comments (0) or Subscribe