Harrisonburg vs Rockingham County Inventory Levels


Harrisonburg vs Rockingham County Inventory Levels
By Scott Rogers • September 15, 2020
Perhaps the City inventory levels were just so low that they didn't have far to fall? Multiple things to note here (above) regarding City vs. County inventory levels... There are only 44 homes (detached homes, duplexes, townhouses, condos) on the market (and not under contract) in the City of Harrisonburg. That is not very many options -- at all -- for buyers. Inventory levels in the City have fallen 14% over the past year, but perhaps because they were already super low a year ago. Shockingly - there has been a 50% decline over the past year in the number of homes on the market in Rockingham County. A year ago, a buyer would have had 216 options -- and today -- only 109. In theory, inventory levels might (???) start to climb a bit this fall, but my general sense is that there is still pent up buyer demand and inventory levels could stay this low all through the fall and winter. Sorry, buyers! :-/ Receive Updates by Email Recent Articles: 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? One Out Of Four Homes Is Taking Longer Than A Month To Sell
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 23, 2024 (unless otherwise noted).
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