Home Sales Still Soft at Start of Spring Selling Season


Home Sales Still Soft at Start of Spring Selling Season
By Scott Rogers • April 10, 2014
Featured Property: 310 Victoria Drive, Bridgewater, VA 22812 I just published my monthly report on the Harrisonburg and Rockingham County real estate market -- click here to review the entire report online -- or click here to download the full PDF. Below are a few highlights you might be interested to know about.... As shown above, home sales in March were the lowest that we have seen over the past several years. This is undoubtedly due to the absurdly low temperatures this winter PLUS the many snowfalls PLUS the many days that schools were closed. Now that the warmer weather is upon us we will hopefully see an increase in home sales come April and May. We also saw a smaller number (91) of buyers sign contracts during March as compared to last March (114) --- though an increase from March 2012 (87). Let's hope that the warm Spring days of April will lead to many (many!) buyers going to see houses and sign contracts. A significant part of whether buyers will write offers is related to whether they are finding compelling houses on the market -- and we're finally starting to see increases in inventory levels. These new listings will hopefully rejuvenate buyer interest and get them off of the sidelines and into the buying market. Amidst a few market indicators that aren't as positive as they could be, here is one bright spot --- sales prices of attached dwellings (duplexes, townhouses, condominiums) are going UP! Want to know more? Get all the juicy details in the full report. Read it online or download the PDF. 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).
Comments (0) or Subscribe