Visualizing Trends in Harrisonburg and Rockingham County Real Estate Sales Activity


Visualizing Trends in Harrisonburg and Rockingham County Real Estate Sales Activity
By Scott Rogers • September 28, 2008
If you haven't figured it out yet, I thoroughly enjoy data analysis and creating graphs to visually communicate market trends. I frequently post a colorful historical trend graph showing month-by-month comparisons of sales activity for the past several years. But it's hard to understand the overall market via this graph. Thus, I created the graph below.... Click the graph (or here) for a printable PDF. This graph shows the overall trend in the number of real estate sales taking place in Harrisonburg and Rockingham County (per the HRAR MLS). Each data point is showing the sum total closings for the preceding 12 months. For example, the January 2004 value of 1,324 closings indicates that 1,324 closings took place between January 1, 2003 and December 31, 2003. This graph, therefore, can show us some big picture trends --- if we didn't already know or suspect what they are. Two notes from the statistician: 1. Since this graph is summing up 12 months of data for each data point, when activity starts picking up again, it may be many months before it reveals itself in this graph. 2. This graph is showing total sales activity (number of sales), and is not a reflection of changes in the market value of homes. 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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