Home Sales Soar (+22%) and Prices Inch Upward (+2%) Though Mostly in Lower Price Ranges


Home Sales Soar (+22%) and Prices Inch Upward (+2%) Though Mostly in Lower Price Ranges
By Scott Rogers • September 9, 2013
I have just released my September 2013 monthly market report covering the Harrisonburg and Rockingham County housing market. If you remember nothing else, remember this.... Homes Sales are UP (+22%) Home Prices are UP (+2%) Days On Market is DOWN (-16%) Contracts are UP (+17%) Inventory Levels are DOWN (-3%) Click here to download the full report as a PDF, read on for some highlights, or click here to view more details on the cover home, 4121 Traveler Road. As can be seen above, April through August homes sales this year have been head and shoulders above last year --- contributing to an overall 22% increase in the pace of home sales. Buyer activity is much stronger this year (772 contracts in the past 7 months) as compared to last year (648 contracts in the same 7 months). The recovery in our local housing market is not happening equally across all price ranges. The lowest two price ranges ($0 - $200K, $200K - $300K) are seeing the most sustained recovery. In yet another sign of recovery, the average list to sales price ratio is improving -- sellers (on average) are negotiating less off of their final list price. There is a LOT more the full report, so click here to download the full September 2013 Harrisonburg and Rockingham County Real Estate Market Report. And 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 21, 2024 (unless otherwise noted).
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