Local Home Sales Up 10%, Prices (Finally!) Stable


Local Home Sales Up 10%, Prices (Finally!) Stable
By Scott Rogers • December 11, 2012
NEWS FLASH --- with 11 precincts now reporting (ok, months) we are ready to predict the outcome of this race (ok, housing market) as a convincing win for homeowners. The pace of sales has increased 10% in 2012, and prices have (finally!) stabilized! Download the December 2012 Harrisonburg & Rockingham County Real Estate Market Report to pore over the details, or read on for highlights.... The pace of residential sales is up 10% in Harrisonburg and Rockingham County. We have been suspecting a strong comeback for 2012 for some time, but with November sales figures added into the mix we are now seeing a 10% increase in year-to-date sales as compared to 2011. The median sales price threatens to stay at $175,000 eternally. After 20 straight months of hovering between $173K and $177K, I think it is safe to say that the median sales price has stabilized. Each data point above is a 12-month median sales price. Inventory levels keep dropping. One reason the local housing market is slowly steadying itself is because there are fewer and fewer homes for sale. And no, that's not just the seasonal slow down --- as shown above, inventory levels have declined 17% over the past year. Click on the image below to download the full December 2012 Harrisonburg & Rockingham County Real Estate Market Report. 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. Oh, one last thing....here are a few articles I have written over the past month that might be of interest: Gift Shopping? What does every House For Sale want this year? Harrisonburg Mobile Real Estate Search Harrisonburg to see 50% growth in next 30 years!? The Three-Legged Stool of Selling A Home Receive "Property Alerts" based on your Saved Searches 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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