Will We See A Fast Moving Real Estate Market In Spring 2024 In Harrisonburg And Rockingham County?


Will We See A Fast Moving Real Estate Market In Spring 2024 In Harrisonburg And Rockingham County?
By Scott Rogers • January 24, 2024
Many or most resale homes have been going under contract very quickly when they have been listed for sale over the past four years in Harrisonburg and Rockingham County -- largely because demand for these homes has exceeded supply. I don't expect that we will see supply exceeding demand this coming spring, but I also don't know that most sellers should expect to have their homes under contract within just a few days as has often been the case for the past few years. Looking at resale homes that have closed in Harrisonburg and Rockingham County over the past 60 days... Only 37 homes were under contract in less than a week, while 74 took longer than a week to go under contract. 67 homes were under contract in less than a month, while 44 took more than a month to go under contract. 88 homes were under contract in less than two months, while 23 took more than two months to go under contract. 99 homes were under contract in less than three months, while 12 took more than three months to go under contract. Will we see a fast moving real estate market in Spring 2024 in Harrisonburg and Rockingham County? Likely so. Will most home sellers be able to count on their homes being under contract within a few days? Maybe not. 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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