How long does it take homes to sell in Harrisonburg and Rockingham County?


How long does it take homes to sell in Harrisonburg and Rockingham County?
By Scott Rogers • April 17, 2009
A recent comment from my blog raises a great question: "Statistical analyses always report "average days on market." As a buyer, I am wondering what a histogram of days on market for houses sold in the last 6 months looks like. In other words, how many houses sold within 1 week? 1 month? 6 months? How many took an entire year to sell?" As this reader points out, I typically only report the average days on market, which isn't very helpful. So, let's take a look at what we'll find when viewing the last six months of home sales in Harrisonburg and Rockingham County... Click on the chart above (or here) for a printable PDF. As you can see, there are still quite a few homes selling within the first few months of being on the market (94 homes) --- but there are a LOT that are taking a VERY long time to sell. There were 59 homes in Harrisonburg and Rockingham County that took more than a year to sell, with 30 of those taking more than two years! Hopefully this sheds a bit more light on the time it takes to sell a home in Harrisonburg or Rockingham County. A more detailed analysis of the days on market of your property type, location, price range, etc. is bound to be even more helpful for you. Let me know if I can assist. 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).
Comments (2) or Subscribe