Is the Massanutten Home Sales Market Over or Under Performing the Harrisonburg Market?


Is the Massanutten Home Sales Market Over or Under Performing the Harrisonburg Market?
By Scott Rogers • July 15, 2009
In response to my monthly home sales report, Keston asked... I'm guessing that even within Rockingham County that market conditions vary by locale. I was wondering if you have the ability to calculate the months of housing supply for Area 1 (Harrisonburg City) and Area 12 (Massanutten Resort). My hunch is Harrisonburg City is faring better than Massanutten. Let's take a look....at Massanutten, as well as other towns in Rockingham County... Right off the bat, we see that Keston is correct. It would take 13.7 months to sell the housing inventory in Harrisonburg & Rockingham County -- but when examining Massanutten alone, it would take 25.7 months -- nearly twice as long. The other outliers are Dayton and Grottoes which are performing much better than the market as a whole, and Timberville which is performing very poorly (perhaps because of the small sample size). Click on the graph above or on the data chart below for a printable PDF of the data. 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 22, 2024 (unless otherwise noted).
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