Are all (price) segments of the local housing market recovering equally? Maybe not.


Are all (price) segments of the local housing market recovering equally? Maybe not.
By Scott Rogers • October 15, 2012
The under $200K segment of our local housing market has recovered nicely over the past 15 months --- improving from an average of 36 buyers per month up to 42 per month --- a 17% improvement in sales pace. The next most affordable price range ($200K-$300K) is also doing OK, having improved by 43% (14 buyers/month up to 20 buyers/month) during the same time frame. But our local housing market's higher price ranges are not faring as well --- with virtually no change in pace in the $300K-$400K segment of the market, and a declining pace of sales in the $400K+ price range. So.....overall, the local housing market is definitely recovering (read more here) but it is not affecting all property types and price ranges equally. Interested in details on how your property value has been affected? Feel free to call me at 540-578-0102. 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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