Competition Is Often Fierce For City Homes!


Competition Is Often Fierce For City Homes!
By Scott Rogers • October 17, 2024
We have seen fewer, and fewer, and fewer home sales in the City of Harrisonburg over the past few years. But this is almost entirely an issue of not enough sellers being willing to sell -- not an issue of not enough buyers wanting to buy. The result is that in the current market, when a City home is listed for sale... there is often a LOT of interest in said home. This is great for home sellers in the City of Harrisonburg... potential for more showings potential for more offers potential for buyers making offers over asking price potential for buyers removing contingencies This is not quite as great for home buyers in the City of Harrisonburg... higher likelihood of competing with other offers higher likelihood of paying over asking price higher likelihood of needing to remove contingencies But alas, the City of Harrisonburg remains a popular place to live. Until and unless we start to see some new construction (for sale) housing in the City of Harrisonburg, we will likely still see lots of competition for City homes when they are offered for sale. Receive Updates by Email Recent Articles: If You Will Be Selling Your Home In The Spring, Start Preparing Now Are Most New Homes Attached Homes These Days? How Much Should I Consider Spending To Renovate My Home? The Increasingly Difficult Challenge Of Purchasing A Detached City Home Is There A Price You WOULD Pay For This House? 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
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 Dec 03, 2024 (unless otherwise noted).
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