November's real estate market in Harrisonburg & Rockingham shows continued strength!
New listings are up 13% from last month, bringing fresh opportunities for homebuyers. Pending sales have surged 82% compared to last November, indicating a lively market as interest rates stabilize.
Home prices continue their steady growth at a healthy 5% year-over-year, reflecting a balanced market. Homes are moving quickly, with the median days on market at just 6 days.
And competition remains strong, with 32% of homes selling above asking price in the past year. With this increased activity and strong demand, the market presents exciting possibilities for buyers and sellers alike!
Curious about how these market changes might affect you? Connect with one of our real estate specialists for tailored insights into your local market. We can assist you with everything from pricing and marketing strategies to navigating the entire selling process. If you're considering listing your home this year, don’t hesitate to reach out to us for expert advice!
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.