Year End Report: Home Sales Up 9%, Prices Up 1%


Year End Report: Home Sales Up 9%, Prices Up 1%
By Scott Rogers • January 9, 2013
Having closed out 2012, we can say with certainty that the the local housing market has turned the corner, and brighter times are ahead. Home Sales Increased 9% between 2011 and 2012 Home Values (median sales prices) increased 1% between 2011 and 2012 Download the January 2013 Harrisonburg & Rockingham County Real Estate Market Report to pore over the details, or read on for highlights.... As shown above, while home sales declined (-29%) in December the year-end figures show an overall 8.8% increase in home sales during 2012. Furthermore, median sales prices increased (+0.57%) between 2011 and 2012. As shown above, after a brief slow down during November, buyer activity increased again in December --- marking a 26% increase over December 2011. Inventory levels have dropped again, down 15% over the past year to 572 homes on the market. This is a 27% decline over the past two years, and is definitely helping our local housing market return to a balance between buyers and sellers. 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: When do the buyers start buying? March? April? What Do Declining Inventory Levels Mean? Predictions for the 2013 Harrisonburg and Rockingham County Real Estate Market 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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