Housing Supply in Harrisonburg and Rockingham County


Housing Supply in Harrisonburg and Rockingham County
By Scott Rogers • March 5, 2008
Here is a fresh look at inventory levels for Harrisonburg and Rockingham County --- looking at all single family homes and townhomes. This is a similar analysis as I have provided in past months, with one notable exception . . . see below the graphic . . . In previous months, I had calculated the rate at which homes were selling using only the previous three months of sales figures. My logic was that if I looked back beyond those three months, it would take too long for short term trends to appear in my calculations. Today, however, a local builder suggested that short term trends (if they really are short term), could skew these numbers --- and perhaps it would be more helpful to determine the sales per month looking at a larger history than the past three months. Since I update these figures each month, I decided to make the suggested change --- thus, the data above compares available listings in March 2008 with the average sales per month for March 2007 through February 2008. The full data table is below . . . 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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