What has kept home values (relatively) stable In Harrisonburg???


What has kept home values (relatively) stable In Harrisonburg???
By Scott Rogers • November 10, 2010
As I mentioned in my market report earlier this week, fewer and fewer buyers have been present in the market over the past six years (demand fell) but prices have not fallen in the way that that shift in demand would suggest. I'm watching hburgnews to try to learn some answers as well, but here's what I have so far. "We did not have that much of a bubble here, which is why they [home prices] do not need to drop all that much." (Barkley Rosser) Buyers in this area stuck to traditional financing and didn't over extend themselves. (Richard Baugh) The local job market has been relatively stable, and some folks are still moving into the area. (Richard Baugh) Prices are still low in this area relative to larger urban areas where many people relocation from. (Richard Baugh) Most sellers aren't distressed such that they have to unload their house in a hurry. (Richard Baugh) What can you add to the list? 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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