13% More Contracts Signed This Year than Last


13% More Contracts Signed This Year than Last
By Scott Rogers • April 30, 2021
It has been a busy few months for home buyers in Harrisonburg and Rockingham County. During the first four months of this year, 510 contracts have been signed for residential properties. This is 13% higher than the number of contracts during the first four months of last year. Some might find this increase in contract activity surprising as inventory has been extremely low all year but this statistic shows that even though there are not many homes on the market at any given time, there have enough new listings coming on the market for more buyers to contract on homes this year than last during this timeframe. If I had to guess how many offers were written in the first four months of this year versus last, here are the make-believe statistics I would come up with... 2020 = 453 contracts (612 offers) 2021 = 510 contracts (1,743 offers) There are a tremendous amount of buyers attempting to buy homes right now which results in many of them finding themselves making offers on multiple houses before they finally are the winning buyer on a particular house. It will be interesting to see how the next few months ago but at this point I suspect we will continue to see strong contract activity through the summer of 2021. 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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