Do Not Be Surprised If You Have Lots Of Showings Of Your Home. Do Not Be Surprised If You Do Not Have Very Many Offers.


Do Not Be Surprised If You Have Lots Of Showings Of Your Home. Do Not Be Surprised If You Do Not Have Very Many Offers.
By Scott Rogers • December 6, 2024
This is not the case for all houses, or all new listings, but... in the current market I'm often seeing two things happening... 1. Lots of showings of new listings. Inventory levels are quite low right now, so plenty of buyers want to go see new listings if they are anywhere close to what a buyer might hope to purchase for their next home. Low listing inventory results in lots of property showings. 2. Fewer offers than the large number of showings would suggest. But... home prices and mortgage interest rates are quite high right now, compared to where they have been over the past five years... so plenty of buyers who came to look at your house might decide not to make an offer. Sometimes it just comes down to the numbers (your home price, current mortgage interest rates) and sometimes it's that the house is not "right enough" for the buyers. So... hopefully you'll have plenty of showings of your home when it hits the market (this is likely) and hopefully you'll have lots of offers (this is less likely). The market (buyers) responds differently to every home as it hits the market for sale, so don't take this as universal advice or insight across all price ranges, locations and property types. For further insights on what you might experience if you list your home for sale, touch base and we can dive further into the more specific details of the sub-market for your home. Receive Updates by Email Recent Articles: Buying A New Construction Townhouse Requires A Bit Of Planning Should We Call An Almost Bedroom A Bedroom? November Home Sales Surge with 12% Year Over Year Growth and 5% Increase in Median Price Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well! In Which Room Or Rooms Do You Spend Most Of Your Time? An Early Look At November Home Sales! All The Right Spaces In All The Wrong Places How Many Homes Are Going Under Contract Within Three Days, These Days? The Growing Impact Of New Home Sales In Harrisonburg, Rockingham County
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 18, 2024 (unless otherwise noted).
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