Real Estate Market Tidbits (good & bad)


Real Estate Market Tidbits (good & bad)
By Scott Rogers • May 20, 2009
As a brief variation from my typical long and detailed analysis, here are two quick market observations... BAD: Only 11 residential properties sold in the entire month of April in the City of Harrisonburg. There are 338 for sale right now, which makes this particularly unexciting. GOOD: Thus far in May, 44 residential properties have sold in Harrisonburg and Rockingham County --- this is in contrast to 46 properties in the same period last May. Perhaps our year-to-date sales trend (29% decline) won't continue into the summer months!? Perhaps we're starting to see the impact of the $8,000 first time buyer credit? Or the historic low interest rates? Or the huge selection of properties for sale? 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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