I typically break our market down into four price segments when looking at trends in home sales....
- Under $200K
- $200K - $300K
- $300K - $400K
- Above $400K
The graph above shows the trends in sales of homes over $400K when analyzing the average number of homes sold per month in a rolling twelve month period. A few observations....
- High end home sales declined quite steady between May 2008 (6 sales per month) and July 2012 (2 sales per month).
- We did finally see a rather significant recovery between February 2013 (2 sales per month) and September 2013 (4 sales per month).
- Since that time, the average number of sales per month has started to slip slightly again.
For further analysis of home sales over $400K, check out HarrisonburgHousingMarket.com -- or email me (scott@HarrisonburgHousingToday.com) and we can discuss your house particularly.
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