More Contracts Were Signed In March 2022 Than In Any Month In The Past Decade


More Contracts Were Signed In March 2022 Than In Any Month In The Past Decade
By Scott Rogers • April 13, 2022
Wow! I knew that a lot of homes went under contract last month when I compiled my market report but I hadn't yet put it in a larger context. During March 2022, contracts were signed on a total of 186 properties in Harrisonburg and Rockingham County. Looking back an entire decade, there has never been a month when more contracts have been signed! In fact, there have only been a handful of months (five) when more than 160 contracts were signed. So, what gives? Why so much contract activity? [1] The market is strong, silly, sellers are excited to sell, buyers are excited to buy. [2] For some reason, more sellers than usual waited until March to list their homes (instead of January or February) causing an unexpected peak in March 2022. [3] Sellers are buyers are seeing interest rates rising and sellers want to go ahead and sell before rates get too high and buyers want to go ahead and buy before rates get too high. Maybe 1 and 2 and 3? ;-) Whatever the reason, there isn't any doubt that March 2022 was a record setting month for buyer and seller activity in the Harrisonburg and Rockingham County real estate market. 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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