The Buyers Are Back!


The Buyers Are Back!
By Scott Rogers • April 9, 2010
Greetings, blog readers. My sporadic content creation of late has been a result of being busy working with buyers and sellers. I'll soon be releasing my monthly market report, but in the meantime, I thought I'd see if my own recent increase in sales activity was an indicator of a wider market trend. Indeed, it seems that buyers are re-entering the market. We saw just as many buyers signing contracts in March 2010 as in March 2008, after a big dip in March 2009. (see below) Then, looking at the first three months of each of the past several years, we see this same shift in buyer activity. (see below) It will likely be at least a month before this translates into an increase in closings, but it almost certainly will given these large increases in buyers deciding to buy. Of course, this could be related to the deadline of April 30th for buyers to commit to a property in order to be eligible for a tax credit. Receive Updates by Email Recent Articles: Buying A New Construction Townhouse Requires A Bit Of Planning Should We Call An Almost Bedroom A Bedroom? November Home Sales Surge with 12% Year Over Year Growth and 5% Increase in Median Price Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well! In Which Room Or Rooms Do You Spend Most Of Your Time? An Early Look At November Home Sales! All The Right Spaces In All The Wrong Places Do Not Be Surprised If You Have Lots Of Showings Of Your Home. Do Not Be Surprised If You Do Not Have Very Many Offers. How Many Homes Are Going Under Contract Within Three Days, These Days? The Growing Impact Of New Home Sales In Harrisonburg, Rockingham County
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 Dec 18, 2024 (unless otherwise noted).
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