Harrisonburg home sales surge ahead 16% in August 2012


Harrisonburg home sales surge ahead 16% in August 2012
By Scott Rogers • September 10, 2012
Exciting things are happening in the Harrisonburg and Rockingham County housing market. Click here to download my monthly market report (28 page PDF), or read on for some highlights. As shown above, indicators were mostly positive in August.... August home sales increased 16% over last August. Year-to-date home sales increased 9% over 2011. Median sales prices stayed stable (+0.9%) over the past year. Average days on market increased by 6% to 222 days. As shown above, August 2012 was head and shoulders above any of the three prior Augusts -- and overall, the summer months of 2012 were quite competitive across the board. Contract activity also surged in August 2012 --- showing a 16% increase over August 2011 --- and a 67% increase over August 2010! This is certainly a good sign for the coming months of closed sales data. Declining inventory is certainly helping our local housing market head back towards more of a balance between buyers and sellers. The number of homes for sale has decreased by 19% over the past year. Click on the image above to download my full market report (28 page PDF). Also, here are a few articles I have written over the past month that might be of interest: A property can do well within an oversupplied segment of the market if.... Why does my Realtor keep telling me to lower my asking price? Smiling: I absolutely LOVE your house (whispering: but I have to sell mine) Funkhouser Goes Independent In a market upswing, crying over missed past buying opportunities can lead to even more tears The balancing act of a home seller. Don't price too high, or too low! Is the window of maximum negotiating ability closing? Finally -- if you have questions about the local housing market, or if I can be of assistance to you with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com. 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 24, 2024 (unless otherwise noted).
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