The housing market remains hot in the valley

HARRISONBURG, Va. (WHSV) – Although things have calmed down a bit in recent months, the housing market in the valley is still growing.

Experts say it’s a good time for buyers and sellers, and there could be benefits to doing so in the Shenandoah Valley.

Chris Horst with Funkhouser Realty Group said inventory has increased slightly recently, but homes typically don’t stay on the market for more than a week.

“We have seen a decrease in the number of buyers but there are still many buyers. Sellers are still getting good value for their homes. That hasn’t changed, prices are still up,” Horst said.

Horst says now is a good time to buy and sell a home. Because of inflation and interest rates, buyers are better off locking in the price now and sellers are making more money.

“Low inventory means homes are still selling quickly, but with interest rates going up, buyers need to lock in those rates because I think they’re going to continue to go up,” Horst said.

According to Zillow, the average number of days a home stays on the market in fast-selling areas is eight to ten days.

However, in the valley, Horst said that the average number of days on the market has been around five for the past year and he does not expect this to change significantly in the coming months.

“Days on market may be a little bit longer, but I think we’ll stay there because it’s not going to change much with inventory,” Horst said.

Living in the valley can have its advantages, though.

“Because we have colleges and great infrastructure in the valley, people still move to this area and we don’t see the huge shifts like in other parts of the country,” Horst said.

Copyright 2022 WHSV. all rights reserved.

Related Posts

16 great country houses selling from £450,000 to £6m as seen in Country Life

Our regular roundup of some of the best homes for sale in Britain is a holiday-friendly county home in Sussex. West Sussex – £5,950,000 An unapologetically charming…

Seattle’s housing market is headed for a recession.

What goes up must come down. That seems to be the motto of the U.S. housing market right now, with some of the nation’s most expensive and…

Ant Anstead Is Selling The Laguna Beach ‘Dream’ Home He Bought After Splitting From Christina Hack – See Photos!

There are some big changes for TV personality Anstead. On Wednesday Celebrity IOU: Joyride The co-host has listed his Laguna Beach, CA home for $3.3 million. Garbage…

San Anselmo adopted new rules after the garden was broken

San Anselmo has implemented new rules for community gardens based on how the city’s amenities are managed. The City Council unanimously approved a new ordinance Tuesday to…

Property: A thriving housing market in Dunfermline and West Fife

Dunfermline continues to be the “hub” for first time buyers in East Central Scotland. ESPC’s latest property report figures show that house prices in the city rose…

FOR SALE: Take a look around this stunning Wirral property with covered BBQ area and fireplace

The family home is immaculately finished and close to the beach. This beautiful detached house is for sale at £1,225,000. In the popular Wirral area, Hoylake, a…

Leave a Reply

Your email address will not be published.