Well, we decided to skip last month’s write up since there wasn’t much new to report. The year started out much slower than we all anticipated, and I didn’t have any more excuses to offer. However, if you remember from earlier reports, our Harrisonburg and Rockingham county real estate market was 15%-20% behind last year’s pace……but don’t despair…..we’re finally getting back to where we should be. We’ve narrowed the gap and are only 7% behind where we were last year at this time in terms of sold properties.
Given the high number of contracts signed in June (145) that also bodes well for the sold numbers in the coming months, which will hopefully propel us closer to erasing that 7% deficit we currently have. 145 homes under contract is the best “Under Contract, by Month” number we’ve seen in 5+ years!
In terms of actual sold units, the graph below shows a nice steady rise (after we got rolling), without the peaks and valleys seen in some of the previous years. We’re always going to see a decline as we head into the winter months, but if we can keep climbing in the next few months, we should be able to match or surpass last year’s numbers.
Inventory has come up a bit which has helped, but we are still in need of good, quality homes to sell in Harrisonburg and the Greater Shenandoah Valley Real Estate Market. The buyers are still out there and the rates are still good so please give us a ring if you’re thinking about selling. We’d love to show you the Kline May and Valley Roots way we do things.