There Are Still Plenty Of Buyers For Many Houses In Many Price Ranges


There Are Still Plenty Of Buyers For Many Houses In Many Price Ranges
By Scott Rogers • December 2, 2022
Some segments of the local real estate market are slowing down... New listings that would have had 20 showings in the first week a year ago are now only having two or three showings in the first week. But... that slowing down is not affecting all properties equally. Plenty of homes coming on the market are still experiencing a flurry of showings (10+ in week one) and sometimes multiple offers. Perhaps it's the great unleveling? Before the COVID induced real estate boom of 2020 and 2021, there was plenty of variability between properties. Some new listings would have lots of showings immediately after hitting the market... and some new listings wouldn't have any at all. But then, in 2020 and 2021, it seemed that almost every listing out there (any location, any price, any property type, any condition) would have lots of showings... right away. It didn't matter if you had a steep driveway... or a small yard... or if your home needed cosmetic updates. During the home buying frenzy of 2020 and 2021, nearly every home would have lots of early interest. But now, the great unleveling... Now, some properties (in some locations and some price ranges) will have plenty of showings... and some will not. As a seller, it's nothing to fear or obsess over... but you do need to recognize this changing market dynamic as you are developing a pricing and marketing strategy for your home. 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