Median Sales Prices Stable Despite 5% YTD Decline in Home Sales


Median Sales Prices Stable Despite 5% YTD Decline in Home Sales
By Scott Rogers • September 8, 2014
Featured Property: 3273 Barrington Drive, Harrisonburg, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump to the full online market report, or download the PDF, or read on for highlights.... If you can sort through all of the lines and arrows above, you'll note that August 2014 home sales (101) fell short as compared to August 2013 (112). After three great months in a row (May, Jun, Jul) it seemed that August was going to push us over the top and catch us up in 2014 to last year's pace of home sales. Not so. Maybe in September?? There is, in fact, some cause for optimism. As shown above, there was a 19% increase in contracts between August 2013 and August 2014 --- and the annual pace of contract signing (1,169) is ever so slightly above where it was a year ago. Amidst slightly slower home sales, and slightly higher contract numbers, inventory levels (as shown above) are holding steady. We will likely start to see these inventory levels starting to decline as we continue through the Fall. Despite sales declining (5% YTD) sales prices are staying relatively steady, as shown above. This graph is measuring a "rolling 12 month" value for both the number of and median price of home sales in our area. Care to read about all of the exciting details of this month's market report? You can read it online or download the PDF. Also, 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: Is There A Price You WOULD Pay For This House? 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
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 24, 2024 (unless otherwise noted).
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