June 2012 Housing Market Update: Sales Up 6%, Prices Up 7%


June 2012 Housing Market Update: Sales Up 6%, Prices Up 7%
By Scott Rogers • June 10, 2012
The Harrisonburg and Rockingham County home sales market is roaring through 2012 through, likely due to low mortgage interest rates and low local unemployment levels.... There are very promising sales updates across the board: Home sales rose 13.24% in May 2012 as compared to last May. Year-to-date home sales rose 5.61% as compared to last year. The median sales price rose 18.75% (!) in May 2012 compared to May 2011. The YTD median sales price has increased 6.5% in the past year. Month by month, the timing has been a bit unusual in 2012.... A warm February lead to higher than normal March sales, followed by a slower than normal April, finished off most recently by the best May in three years. In other exciting news.... Inventory is down 14% from a year ago. Buyer activity in May was up 6% from last May. Single family homes are seeing an increase in median sales prices. Click the image below to read the entire June 2012 Market Report.... 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 22, 2024 (unless otherwise noted).
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