The Valley housing market continues to thrive! Despite a 9% decrease in total sales over the past year, pending sales are up 9%, and new listings have increased by 10% from 2023. Homes are closing faster, with a 5.5% rise from last month. The median sales price is up 7% from last June, though down 1% from last month. These market variations present great opportunities for both buyers and sellers! Want to learn more? Check out the full market report here! >>>
Tag: harrisonburg
Now that the school year is wrapping up and summer is upon us there are tons of opportunities to get outside and enjoy all the Valley has to offer. From festivals, fairs, breweries, hiking trails, water holes and more there is plenty to do to enjoy some fun in the sun. One of the great opportunities to take advantage of are all of the local community lawn parties. With great food, music, entertainment and more, these parties are a great way to enjoy the summer and explore all these local towns have to offer here in the Shenandoah Valley.
Harrisonburg Real Estate Market Report: May 2024 [INFOGRAPHIC]
The housing market is still flourishing here in the Valley! New listings are up 12% YTD, and up 3% from last month. Buyer urgency, with homes closing in less than 30 days, has also increased 3% from last month. Total sales are up 8% from May 2023 and the average price per square foot is up 11% from last May; however it has decreased 1% from last month—a win for buyers! These market conditions present great opportunities for both buyers and sellers, making it an excellent time to enter the real estate market! Check out the full market report here >>>
Harrisonburg Real Estate Market Report: April 2024 [INFOGRAPHIC]
The housing market is blooming this Spring! The latest data reveals a 26% increase in new listings hitting compared to April 2023! New listings are also up by 9% YTD. While sales are down 13% from last April, sales are up 4% YTD. The number of homes under contract has also increased by 38% versus this month last year with this influx of new listings. These market conditions offer opportunities 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: March 2024 [INFOGRAPHIC]
Put your finger on the pulse of the real estate scene, where the winds of change are blowing! While 2023 saw a dip in new listings, sales, and contracts, 2024 is gearing up for a shift. The latest data reveals a remarkable 17% surge in new listings hitting the market from last month! While sales are down 3% from last March, they are up a whooping 12% YTD from 2023. Buyer urgency is on the rise in this spring market; with a 7% increase in homes closing within 30 days from last month. There has also been an 8% increase in homes sold over asking price from last month. And here's the cherry on top; we've seen average interest rates decrease slightly and remain balanced YTD compared to the rollercoaster of last year. These fluctuations bring a symphony of opportunities for both buyers and sellers, making it a prime time to make moves in the housing market! Check out the full market report here >>>
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 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 >>>