Funkhouser Report Weekly - August 20, 2020

Mortgage purchase applications continue to outpace this time last year indicating a strong real estate market as we begin to move past summer.  While inventory will continue to lag behind demand for the foreseeable future, the Harrisonburg-Rockingham market is the only area to have an increase in new listings year to date.  There are positive market signs in all markets throughout the Shenandoah Valley as closings in Page and Shenandoah County are greater than last year and the Augusta County market is seeing the gap in activity narrowing.  

Contact a real estate professional at Funkhouser Real Estate Group to see if the current market conditions are favorable for your real estate needs.

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Harrisonburg - Rockingham County

Page County

Shenandoah County

Staunton - Waynesboro - Augusta County