Inventory is low, low, low! New listings are down 20% as compared to last February. As a result of low inventory, the average days on market continue to drop, and the price per square foot continues to rise. Houses are hitting the market and going under contract quickly. Learn more about the market report >>>
Tag: market report
Harrisonburg Real Estate Market Report: January 2019 [INFOGRAPHIC]
In January we saw new listings, sales, and under contract properties dip slightly as compared to last January. However, the last 12 months of the same categories have risen slightly. Also, the average days on market continue to drop (down 19%) and our prices have risen ($210,500 as compared to $199,894 in 2018)! Houses are hitting the market and going under contract quickly. Average days on market continue to drop, down 14% from last January! Learn more about the market report >>>
Harrisonburg Real Estate Market Report: December 2018 [INFOGRAPHIC]
We’ve wrapped up another year in Real Estate! This year we’ve seen low inventory, our average days on market have dropped drastically (down 29%) and our prices have risen ($212,000 as compared to $198,250 in 2017)! Houses are hitting the market, going under contract quickly, and for more money (up 6% from last year, averaging $123 for the price per square foot)! Learn more about our Market Report! >>>
Harrisonburg Real Estate Market Report: November 2018 [INFOGRAPHIC]
New listings are up by 10% in November as compared to last year. In addition, the year-to-date and rolling month averages for new listings have both increased slightly as compared to last year. However, we are seeing sales dropping off (down 17% from last November). The average days on market is continuing to drop drastically by 24% from last November, and 17% year-to-date. The average price per square foot is continuing to rise across the board. Read more...
Harrisonburg Real Estate Market Report: October 2018 [INFOGRAPHIC]
We can't believe it's November already - 2018 is starting to wind down! New listings are up by 20% in October as compared to last year. In addition, the year-to-date and rolling month averages for new listings have both increased slightly as compared to last year. However, we are seeing fewer pending sales (down 5% from last October). The average days on market is continuing to drop by 5% from last October, and 17% year-to-date. Read more...
Harrisonburg Real Estate Market Report: September 2018 [INFOGRAPHIC]
The leaves are starting to change and scarves and jackets are appearing - it must be Fall! New listings and sales have started to slow, but the average price per square foot has shot up by 14% ($133) as compared to last September. The average days on market is continuing to drop by 4% from last September, and 21% year-to-date. The median sales price is on the upswing and comes in at $212,000 (up 8% from $195,500 last year). Read on to learn more about the September 2018 Market Report!