Local Home Sales Slow in August, Still Strong YTD


Local Home Sales Slow in August, Still Strong YTD
By Scott Rogers • September 7, 2010
Below are several highlights from the September 2010 Harrisonburg & Rockingham County Real Estate Market Report. Read on, or click here to download a PDF of the entire report. Home sales in Harrisonburg and Rockingham County... Are they up? Down? Stable? In fact, they are up, down AND stable! A mix of indicators this month: Home sales in August 2010 increased compared to July 2010. Home sales in August 2010 decreased compared to August 2009. Though not shown above, 2010 YTD home sales are nearly equivalent with 2009 YTD home sales. The third is perhaps the most important indicator of the trend of our local housing market. After four straight years of declines in the number of home sales in our market (2005 to 2006 to 2007 to 2008 to 2009) this year still appears to be the year when we'll see that decline in home sales finally cease and possibly reverse itself. January 2009 through August 2009 showed 531 home sales, while January 2010 through August 2010 showed 530 home sales. Another good indicator, as shown above, is that the local housing inventory has peaked --- at least for now. A few months ago the number of homes for sale in Harrisonburg and Rockingham County broke 1,000 for the first time -- but it has now started to decline again, as is typical for this season of the year. Lot sales (less than an acre) have been very, very slow over the past several years, falling from a peak in 2004 of 408 lot sales to only 58 lot sales last year. As shown above, lot sales might actually rebound this year! There is even more in the 19-page September 2010 Harrisonburg & Rockingham County Real Estate Market Report. Download the entire report by clicking on the image below. Thanks for reading, and if you have any questions, or if I can assist you with buying or selling real estate in Harrisonburg or Rockingham County, please contact me at 540-578-0102 or scott@HarrisonburgHousingToday.com. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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