April 2010: A Reason To Hope, A Reason To Laugh


April 2010: A Reason To Hope, A Reason To Laugh
By Scott Rogers • April 26, 2010
Over the last several years, we have seen fewer and fewer (and fewer) homes sell each year in Harrisonburg and Rockingham County: 2005 = 1,669 sales 2006 = 1,438 sales 2007 = 1,248 sales 2008 = 936 sales 2009 = 816 sales Each year I (foolishly?) hope that we have finally seen the end of the ever decreasing number of home sales in our local market. But this year, we may actually have rounded that corner. In the first 115 days of 2010 (Jan 1 - Apr 25) we have seen: 186 home sales (compared to 179 last year) 268 homes going under contract (compared to 244 last year) From both of the numbers above, our market seems to be headed in a good direction. But perhaps ALL homeowners have caught wind of this, as there is a massive number of new listings on the market: Last year there were 389 new listings between Jan 1 and Apr 25. This year there have been 629 new listings between Jan 1 and Apr 25. WOW --- did you catch that? That's the laugh, by the way --- that somehow our market would keep up with all of these new listings! 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 21, 2024 (unless otherwise noted).
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