Harrisonburg Home Sales Up 19% YTD, Median Prices Up 6%


Harrisonburg Home Sales Up 19% YTD, Median Prices Up 6%
By Scott Rogers • April 11, 2013
I just published my monthly housing market report for Harrisonburg and Rockingham County (download here) and good news abounds in many/most segments of our local housing market. (Beautiful Cover Property: 1920 Marigold Circle, Harrisonburg, VA) As shown above, there are many positive trends in the local housing market.... March home sales increased 1.5% in 2013 as compared to March 2012. YTD home sales have increased 19%. YTD median sales prices have increased 6%. YTD average sales prices have increased 2%. YTD median days on market decreased 13%. Even if March was a bit slower with home sales (+1.5%) the pace of contracts skyrocketed to 114 contracts during March 2013. This marks an astonishing 31% increase over last March, and is the highest pace of monthly contracts since April 2010 which was nearly the last opportunity for a buyer to take advantage of the home buyer tax credit. As shown above, despite this being the spring selling season, inventory levels have dropped again --- with only 599 homes currently listed for sale. This marks a 15% decline in inventory level over the past 12 months. Here are a few other tidbits to entice you to download the full report.... Annualized pace of home sales increases again to 893 sales/year. Foreclosures decline as compared to 2012. List Price to Sales Price Ratio edges up slightly. Also, here are a few other articles of note from the past month.... Harrisonburg Real Estate Taxes to Increase 6%? Home & Garden Show = this Saturday and Sunday! The ICE House - innovative new downtown development Major shift in buyers, sellers in market over past two years As always, if you're interested in talking to me about buying a home in Harrisonburg or Rockingham County.....or if you are interested in selling your current home.....just drop me a line by email (scott@HarrisonburgHousingToday.com) or 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 22, 2024 (unless otherwise noted).
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