Long Term (5Y) Changes in Sales Pace By Price Range


Long Term (5Y) Changes in Sales Pace By Price Range
By Scott Rogers • November 12, 2013
Sometimes it's helpful to look back a bit further than the last 12-24 months. The data above illustrates how the pace of home sales has changed in four segments of our local market. Each data point shows the average number of sales per month in the previous 12 months. We find that..... Home sales under $200K have increased 20% over the past 5 years. Home sales between $200K and $300K have declined 9% over the past 5 years. Home sales between $300K and $400K have declined 29% over the past 5 years. Home sales over $400K have declined 29% over the past 5 years. It is likely important to note that in this same 5-year timef rame, the median sales price declined 11% --- from $197,650 to $175,000. It is possible that this shift in home values contributed to the shifts shown above in the pace of sales in different price ranges. 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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