Housing Inventory Levels Plummet in December


Housing Inventory Levels Plummet in December
By Scott Rogers • December 2, 2019
First - a note - each data point above is for the end of the given month. Thus, the 235 homes for sale in November are at the end of November -- or, as the case may be, the very beginning of December. Now, there are a few disclaimers I could make about the above data... We just rolled over into a new month -- some listing agreements end at the end of a month (such as Nov 30) and then end up being extended within the first few days of the following month. So -- maybe some listing that came off the market in recent days will be revived this coming week. Some sellers who were not successful in selling this Fall may have decided to take their houses off the market for a few months (Dec, Jan, Feb) to then put their houses back on the market in the Spring. Regardless of the reason or explanation, though, the current inventory levels are SUPER low! Which is terribly frustrating for buyers -- and a great opportunity for any home owner who does need to sell right now. You are not likely to have much competition from other sellers! Stay tuned later in the month when I compile my full monthly report and we'll see if inventory levels perked back up as we made our way further into December. Receive Updates by Email Recent Articles: The Increasingly Difficult Challenge Of Purchasing A Detached City Home Is There A Price You WOULD Pay For This House? 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?
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 25, 2024 (unless otherwise noted).
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