March 2011 Home Sales Set New Record


March 2011 Home Sales Set New Record
By Scott Rogers • April 1, 2011
Bill Meadows, a new resident of Dayton, Virginia, holds a distinct honor -- he was the only person to buy a home anywhere in Harrisonburg or Rockingham County during March 2011. As shown above, January and February sales were quite low, but most people were expecting that we would see a rebound in Harrisonburg and Rockingham County home sales during March 2011. Alas, we did not, as only one person (Bill Meadows) bought a home during the entire month of March. Most analysts are hoping for stronger sales in April, to at least hit the double digits. "I was quite surprised to find out that I was the only one to buy a house this month," Bill commented, "I was pretty sure I had heard several co-workers and friends also talking about buying a home this month." Home sellers are trying hard to keep this in perspective but some sellers, such as Sally Peters, are having difficulty staying calm about this new development. "With only 1 home sale last month, and 821 active listings, that shows a 68 year supply of homes on the market," Sally explained, "Since I'm already 52 years old myself, I am obviously a bit concerned that it might take 68 years to sell all of the houses on the market. I might be over 100 before my home sells!?!" Stay tuned for a full report on the housing market in roughly a week, until then, watch for additional details on these breaking stories: JMU to purchase portion of Interstate 81 passing through campus, plans to paint the road purple, and use gold lines for all lane markings. Rockingham County Planning Commission members, bored due to a lack of re-zoning requests for new residential subdivisions, form a development company, and send themselves re-zoning applcations for their own land. Happy April 1st! 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 25, 2024 (unless otherwise noted).
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