Do home values go up and down with the temperature?


Do home values go up and down with the temperature?
By Scott Rogers • December 15, 2011
Are houses worth more in the summer and less in the winter? I have always mostly ignored that question because median home values bounce all over the place front month to month in Harrisonburg and Rockingham County. It's certainly hard to draw any conclusions about seasonal (summer vs. winter) changes in home values based on the data above. The related question here is whether home values really jump around as much as shown above -- no, they don't -- with only 50-100 home sales per month the sample size of the data set is small enough to allow for the variation shown above. Basically, the median home value might end up adjusting quite a bit in one direction or the other in any given month because of the composition of how many smaller homes versus larger homes sold in any given month. But then when I examine the entire state of Virginia, values do seem to adjust seasonally.... So -- does anyone have any theories here? Why do Virginia home values seem to adjust so seasonally (as per median prices) but Harrisonburg and Rockingham County do not? 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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