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 an uptick in homes closing within 30 days from last month. These fluctuations offer opportunities for both buyers and sellers alike, and it is still a great time to buy or sell a home! Check out the full market report here >>>
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Elevate your Evenings—at Nightcap by Merge
Family-owned and award-winning coffee company, Merge Coffee, has transformed their downtown roasting lab into your new favorite evening hangout—Nightcap by Merge. Offering one-of-a-kind wine-based cocktails, a carefully curated selection of wine from around the world, and craft beer with its welcoming and stylish quality Nightcap by Merge provides a truly enjoyable experience. Add their delicious menu of elevated bar classics along with custom dishes to this sophisticated yet cozy atmosphere and Nightcap by Merge is a place you just want to be! Click to be introduced to Nightcap by Merge! >>>
Wilson Downtown Gallery: Susan Bruney
We're excited to welcome local artist Susan Bruney to the Wilson Downtown Gallery for February and March for her mixed media show entitled "Travels Reimagined"! Learn more about the artist and visit our First Fridays of the Valley opening receptions February 2nd and March 1st.
Creativity in Store for 2024!
Got the post-holiday blues? We’ve got a solution for you—Get your creative juices flowing again with a fun project! And even better, we know where you can get inspired and get started—Valley Creative Reuse. Valley Creative Reuse is an arts & crafts thrift store helping to preserve our environment and enrich our community. Click to read more about this local gem! >>>
Harrisonburg Real Estate Market Report: December 2023 [INFOGRAPHIC]
While we are still seeing a decreasing trend in new listings, sales, and contracts compared to last year, the real estate market is changing. Interest rates have (at last) dropped this past month and the Federal Reserve has indicated there will be additional rate decreases coming in 2024. The median number of days properties remain on the market has evened out with last year’s numbers and the number of homes that closed within 30 days is up from last month. Additionally, while both the median sales price and the average price per square foot have continuously increased throughout 2023, both numbers are down compared with December 2022. These changes can be positive for both buyers and sellers, and it is still a great time to buy or sell a home! Check out the full market report here >>>
Harrisonburg Real Estate Market Report: November 2023 [INFOGRAPHIC]
We are still seeing a decreasing trend in new listings, sales, and contracts compared to last year. In correlation, the median number of days properties are remaining on the market has decreased. Additionally, both the median sales price and the average price per square foot have increased year to date—positive factors for sellers! View more of the market report here >>>