Harrisonburg and Rockingham County Home Sales Fall Dramatically In July 2010, But The Future Still Looks Bright (Really!)


Harrisonburg and Rockingham County Home Sales Fall Dramatically In July 2010, But The Future Still Looks Bright (Really!)
By Scott Rogers • August 8, 2010
Click here for the full August 2010 Harrisonburg & Rockingham County Real Estate Market Report. If we only looked at July 2010 home sales (and ignored several other key indicators, and the bigger picture) we might get a little worried about our local housing market. As can be seen above, there were very few home sales in July 2010. This is likely because of the original June 30th deadline for closing under the home buyer tax credit (the deadline has now been extended to September 30th). But after a very slow July, we'll probably start to see things pick back up, since contracts looked healthy in July 2010. As can be seen above, there weren't too many buyers committing to buy properties last month, but there was a return to the contract-signing-table in July 2010. This month's buyer commitments actually exceeded last July's data, showing a reversal of the downward trend of the last several years. For another reversal, read on. The yellow bars above show the number of home sales over the past ten years -- it is very likely that after four years of declining home sales, we might finally see an increase in 2010. Year to date, 2010 shows a 3% improvement over 2009 to date. The blue line above shows the change in median sales price over the past ten years. The median sales price declined by 5% between 2008 and 2009, but the decline appears to be much smaller this year. Learn even more about what's going on in the Harrisonburg and Rockingham County real estate market by reading the full report. Do you have questions about this report, or about the Harrisonburg and Rockingham County real estate market? Or about your house? Or about a house you might buy? Be in touch . . . Scott Rogers \| 540-578-0102 \| scott@HarrisonburgHousingToday.com 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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