Harrisonburg Real Estate Market Report: January 2024 [INFOGRAPHIC]

As we delve into the current real estate landscape, it's evident that shifts are underway! While new listings, sales, and contracts showed a steadily declining trend in 2023, change is on the horizon for 2024. The number of listings hitting the market has increased—at last—this past month (by a whopping 34% no less)! Also positive is that both interest rates and the median number of days properties remain on the market has stabilized compared to last year. We're also seeing a significant uptick in homes closing within 30 days from last month. These fluctuations offer opportunities for both buyers and sellers alike, making the current climate conducive for navigating the real estate market!

Want to know more about our dynamic real estate market? Consult with one of our real estate experts to get more specific insights into market conditions in your neighborhood and to help you make an informed decision about listing your home. We can provide guidance on pricing, marketing strategies, and the overall selling process tailored to your particular area. If you have any questions about putting your house on the market this year, please contact us!

If you're interested in starting the home search, we'd be more than happy to guide you through the ins and outs of purchasing from contract to closing. Stay tuned for more Market Trends… right here on Harrisonblog.

About Celeste Baker

Celeste graduated from the University of Virginia in 2011 with a bachelors degree in Sociology before starting her career in Real Estate Administration. Celeste assists the team of agents with transaction processing and marketing. Celeste Baker is a native of Woodbridge, VA. She moved to Harrisonburg in 2020 with her husband, Calvin, and their two children, after Calvin accepted a job with JMU. Go Dukes! Outside of the office, Celeste enjoys traveling with her family. She is a lover of books, as well as an amateur chef and gardener.