The Yo-Yo Effect of Harrisonburg Townhome Sales


The Yo-Yo Effect of Harrisonburg Townhome Sales
By Scott Rogers • September 14, 2010
The one thing I try to tell all of my seller clients is that the market is very unpredictable. It's impossible to know if a given house will sell in three months, six months, a year, or even longer. Most of this uncertainty is related to the vast number of homes for sale relative to the number of buyers in the market. It's hard to predict which houses buyers will actually choose. But here is another unpredictable and turbulent market trend --- the sale of new-ish (circa 2000-2010) townhomes in the City of Harrisonburg. What a roller coaster this year has been! Only a single sale in January and March, and only two in July!?!?! The dip in July is likely because of the original June 30th tax credit expiration --- but why were January and March so terribly low, with a strong February between them? Maybe there is always this much turbulence in the townhouse market? Let's take a look at last year.... Here you see some variation, but not the extreme ups and downs that the townhome market has experienced this year. If you own a townhome and are trying to sell it, I suppose this coming month could be wonderful, or it could be terrible. Townhome buyers are coming in small bursts these days, and then disappearing again. 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 23, 2024 (unless otherwise noted).
Comments (0) or Subscribe