Inventory in Harrisonburg is still relatively lean in this rolling three-month view, with about two months of supply and 149 active listings, slightly fewer than a year ago. Contract activity has cooled year over year, as homes sold are down roughly 15 percent and pending sales are down about 17 percent compared with the same period last year. New listings are essentially flat over that time, suggesting fewer fresh options coming on the market while overall supply has inched up from earlier this year.
Prices have inched higher but are not surging. The typical home value and median sale price are up modestly from a year ago, while the median list price has grown a bit faster, indicating sellers are still testing the upper end of what buyers will pay.
Homes are taking slightly longer to go under contract, with median days on market up to 15 from about a week last fall, and the share selling above list price has fallen from nearly 40 percent to about 30 percent. Even so, the average sale-to-list ratio remains near 99 percent, showing buyers rarely see steep discounts. With a seller’s market reading and more than half of homes going off-market within two weeks, conditions still require careful strategy on both sides. Buyers and sellers can both benefit from Agent Pronto’s help in finding an agent who knows how to navigate these trends.
