Different Segments Of Our Local Market Are Performing Differently. This Is Normal.


Different Segments Of Our Local Market Are Performing Differently. This Is Normal.
By Scott Rogers • May 10, 2023
Over the past few years almost every house, in any location, at any price point, would have double digit showings and multiple offers and would likely sell over the asking price. This is still happening (10+ showings, multiple offer, selling over list price) for many new listings... but not all. Plenty of other new listings are having 1 - 5 showings, receiving only one offer, and selling at the list price. Which houses have tons of interest and which have less interest can be related to all sorts of things these days... [1] property type [2] property location [3] price range [4] appropriateness of pricing [5] age and condition [6] marketing Is it normal for different segments of our local market to be performing... differently? Yes, it is quite normal. As always, this means that the pricing, preparations of your home, and marketing of your home are very important as we see different segments of the local market in flux. 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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