Given Current Low Inventory Levels, You May Want To Search More Broadly For Your Next Home


Given Current Low Inventory Levels, You May Want To Search More Broadly For Your Next Home
By Scott Rogers • February 22, 2024
Wouldn't it be grand if every would be buyer in the current market had (10) great homes to choose from on any given day? But we just aren't seeing that right now. If you'd like to buy a townhouse or duplex in the City of Harrisonburg for less than $275K, you have... one option. If you'd like to buy a detached home in the City of Harrisonburg for less than $300K, you have... five options. If you want to buy a detached home in the Turner Ashby school district for less than $400K, you have... three options. So, if you're are starting your home search right now (or continuing it) you might have to search a bit more broadly for homes than you had first imagined. Look a bit above and below your target price range. Look at homes with one fewer bedrooms than you would prefer. Look at homes in a nearby but different school district than where you hope to buy. Expanding your home search in this way will expose you to more options, one of which might be a great house for you, and it will help you further understand current market dynamics related to pricing. I hope we can find the perfect house for you, right away, amidst lots of other super options, but given lower inventory levels, we might have to look a bit more broadly to find some options. 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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