If you were waiting for the bottom of the market, this is it.


If you were waiting for the bottom of the market, this is it.
By Scott Rogers • January 15, 2013
After five years of declining sales (2005-2010) the pace of single family home sales finally increased in 2011. After five years of declining sales prices (2006-2011) the median price of single family homes (sold) finally increased in 2012. At this point, I'm not expecting either of those to start declining again over the next few years (even if they don't increase exponentially either) -- so, if you were waiting for the bottom of the market, this is (or was) it. Buyers -- act early in 2013 before prices continue to increase through 2013. Sellers -- be realistic about pricing, to best present your house to potential buyers. I'm expecting to see further recovery in both pace of sales and price of sales during 2013. 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 22, 2024 (unless otherwise noted).
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