Home Sales, Contracts Strong in January 2013


Home Sales, Contracts Strong in January 2013
By Scott Rogers • February 8, 2013
The February 2013 Harrisonburg & Rockingham County Real Estate Market Report has been published, with these bits of encouraging news about our local housing market. January home sales (47) were up 21% over last January (39)..... January contracts (76) were up 29% over last January (59).... When it comes to home values, last January was a bit of an anomaly, with much higher than normal median and average values. As such, it's best to look at 12-month indicators, where we will see small downward adjustments in home values.... Median home values ($173,000) declined 1% over the past year (from $174,900). Average home values ($192,383) declined 1% over the past year (from $194,932). Amidst higher sales, higher contracts, and slightly lower prices, inventory levels continue to decline.... It is also important to note that interest rates have started to increase (a bit) over the past several months.... As always, learn lots more by downloading the full February 2013 Harrisonburg & Rockingham County Real Estate Market Report. And, 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: 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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