Local Home Sales Rise to New Heights


Local Home Sales Rise to New Heights
By Scott Rogers • October 8, 2013
Featured Home: 880 Mockingbird Drive, Harrisonburg, VA I have just released my October 2013 Real Estate Market Report for Harrisonburg and Rockingham County. Click here to download the 28-page PDF, or read on for some highlights. Let's start with the big news.... The annualized pace of home sales has been steadily increasing over the past several years, but we have now passed the 1,000 home sales per year mark -- which we last experienced in October 2008! In all of 2012, there were only 864 home sales, so this is an indicator that home sales might surge past 1,000 for 2013 in its entirety. Above you will note that after declining for several years, home prices are now heading back up. After a 1% increase between 2011 and 2012, we have seen a 2% increase thus far in 2013. Buyers will be glad to note that mortgage interest rates have (remarkably) started to head back down again. We may not see any rates below 4%, but it does not appear that we're headed up to 5% yet either. There is a LOT more the full report, so click here to download the full October 2013 Harrisonburg & Rockingham County Real Estate Market Report. An Important Caveat: Yes, our overall housing market is improving. But no, that does not apply equally to all price ranges, locations and property types. We can chat about your specific property to see whether that segment of the market is performing better or worse than the overall market. 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 22, 2024 (unless otherwise noted).
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