Strong Sales, Stronger Contracts, Fewer Homes For Sale


Strong Sales, Stronger Contracts, Fewer Homes For Sale
By Scott Rogers • May 10, 2011
Taking a look at the first four months of 2011, there are some signs of good news in our local market.....and certainly still some indicators that are not quite as positive. Click here to download the full Harrisonburg & Rockingham County Real Estate Market Report as a PDF, or read on for some highlights.... As seen above, year-to-date sales are only down 6% -- though median prices are down 12% as compared to a year ago. Home sales have been going strong through March and April (the red line above), after a slow start in January and February. Hopefully we will continue to see a sales trajectory that will exceed May 2010, and perhaps come close to June 2010. Buyers were QUITE active in April 2011 --- the number of contracts written (104) was the highest month of contracts in the past three years with the exception of last April. This bodes well for strong sales numbers in May and June! Even better news is that while buyer activity is increasing, seller activity isn't getting too out of hand. We have significantly lower numbers of listings this spring as compared to the past two springs. Our real estate market still has a long way to go before it is stable -- but April 2011 market activity seems to indicate that we are headed in that direction. For more reading, Click here to download the full Harrisonburg & Rockingham County Real Estate Market Report as a PDF. As always, if you have questions about this report, or if I can be of assistance with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily 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 21, 2024 (unless otherwise noted).
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