What is, isn't, and will be (or not) in the Harrisonburg and Rockingham County real estate market


What is, isn't, and will be (or not) in the Harrisonburg and Rockingham County real estate market
By Scott Rogers • November 3, 2009
Each month I publish a real estate market report for Harrisonburg and Rockingham County, which includes this graph: Overly simplified, you'll notice in this graph that sales are slow, but prices are steady: Certainly better than the many markets (even in Virginia) where the pace of sales is increasing, but prices took a huge hit: At the same time, our market could have transitioned more gracefully than it did --- perhaps if prices had dropped a bit more, sales wouldn't have slowed down so much: The big question now, is WHAT IS NEXT for our local real estate market. I think another big drop in sales and a significant drop in prices is likely overly pessimistic: Yet it's also probably too optimistic to think we'll see sales pace and prices rebound overnight: My best guess? We'll see another year of negligible changes in price, but we'll see a small increase in sales pace: But what do YOU think?? Of note, the 2009 bar is extrapolated from Jan-Sept 2009 sales. Receive Updates by Email Recent Articles:** 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 Consider The Cost Of Your Planned Renovations When Planning Your Offer
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).
Comments (2) or Subscribe