Signs of a slightly healthier market?


Signs of a slightly healthier market?
By Scott Rogers • September 24, 2008
Enjoy another perspective on home sales of late --- this analysis mainly focuses on this year to date (Jan-Aug) as compared to the same time period (Jan-Aug) for the seven years. See below the chart for a few observations. The number of sales is down -- no surprise. Median prices are up --- no surprise. Surprise -- more homes are going under contract than are coming on the market. This is a new trend, as the oversupply of recent months has been created because significantly more homes were coming on the market than were coming off the market. In August 2008, 145 new listings came on the market, and 152 properties went under contract. Click on the chart for a printable PDF. 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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