Virginia Association of Realtors - November 2007 Sales Figures | HarrisonburgHousingToday.com :: Market Updates, Analysis and Commentary on Harrisonburg and Rockingham County Real Estate


Virginia Association of Realtors - November 2007 Sales Figures
By Scott Rogers • January 6, 2008
On Friday, January 4, 2008 the Virginia Association of Realtors released November 2007 sales data (report, stats) for the various parts of Virginia, separated by local Realtor association. Before getting to the numbers, and some observations, please bear in mind that these are measuring things slightly differently than how I pull my monthly sales stats. According to VAR figures, sales in November '07 (94) were up 6.82% from November '06 (88). Year-to-date sales for 2007, however, are still down 10.61% compared to 2006. When looking at pricing trends, median and average calculations contradict each other. The median sales price for November '07 ($196,500) was down 1.75% from November '06 ($200,000). However, the averages sales price for November '07 ($225,744) was up 1.24% from November '06 ($222,970). Interestingly, buyers are almost as active as they were last year --- as measured by the number of contracts written. In November '07, 89 contracts were ratified, whereas in November '06, 92 were ratified (a decline of 3.26%). Year-to-date '07 shows 1,152 ratified contracts, which is a 4.48% decline as compared to 1,206 ratified contracts for year-to-date '06. Finally, we're doing a little better than average as compared to the other parts of the state --- as measured by the number of sales year-to-date, as compared to last year (to-date). Our market (Harrisonburg/Rockingham) shows a decline in number of sales of 10.61%, making us the 10th best market in a field of 23 markets that have a combined decline of 14.64. The best markets right now are Southwest Virginia (+3.00%) and the Dan River Region (-4.71%). The worst markets are the Northern Neck (-75.31%) and the Eastern Shore (-48.06%). Source: Virginia Association of Realtors Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? 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
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 24, 2024 (unless otherwise noted).
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