More And More Homes That Are Selling Are New Homes


More And More Homes That Are Selling Are New Homes
By Scott Rogers • January 8, 2025
Between 2015 and 2020 we were seeing new home sales making up between 10% and 15% of all home sales. Since then, the portion of all home sales that are new home sales has increased significantly. After a small jump to 19% in 2021 we then saw the new home sale share of the market increase to 26% in 2022, 25% in 2023 and then... 29% in 2024. That is to say that almost one in every three homes that sells is a new home. With multiple local, regional and national builders developing communities in Harrisonburg and Rockingham County, I think it is likely that we will continue to see at least 25% of all home sales being new home sales -- and that could increase up to 30% or higher in 2025. Receive Updates by Email Recent Articles: Year End Recap Shows 12% Increase In Home Sales, 5% Higher Sales Prices In Harrisonburg, Rockingham County Will 2025 Be A Good Year To Sell Your House? Very Few Building Lots Are Available For Sale For Custom Homes In Our Area My Predictions For The 2025 Real Estate Market In Harrisonburg, Rockingham County Reviewing My Predictions From Last Year For The 2024 Real Estate Market Home Sales On The Rise Again In 2024 December Contract Activity Slower This Year Than Last The End Of Double Digit Growth In Median Sales Prices, At Least For Now About One In Six Home Purchases Are Cash Purchases In Harrisonburg, Rockingham County
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 Jan 14, 2025 (unless otherwise noted).
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