Harrisonburg Real Estate Market Report: December 2023 [INFOGRAPHIC]

While we are still seeing a decreasing trend in new listings, sales, and contracts compared to last year, the real estate market is changing. Interest rates have (at last) dropped this past month and the Federal Reserve has indicated there will be additional rate decreases coming in 2024. The median number of days properties remain on the market has evened out with last year’s numbers and the number of homes that closed within 30 days is up from last month. Additionally, while both the median sales price and the average price per square foot have continuously increased throughout 2023, both numbers are down compared with December 2022. These changes can be positive 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 >>>The post Harrisonburg Real Estate Market Report: December 2023 [INFOGRAPHIC] appeared first on Harrisonblog.