September Sales Surge (+33%) Shows Continued Strength of Local Housing Market


September Sales Surge (+33%) Shows Continued Strength of Local Housing Market
By Scott Rogers • October 9, 2014
Featured Property: 1207 Three Springs Road, McGaheysville, 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.... As shown above, August home sales were a bit deceiving. It appeared that after record high sales in May, June and July, that August was an indication that the strong home sales market would not continue through 2014. September sales, however, certainly provides new hope that in fact our year to date sales will end up about the same place as they were in 2013. As shown above, given the strength of September sales, this year's year-to-date sales (773) have almost caught back up to where we were at this time last year (780). The next question on most people's minds is how home prices are doing. As shown above, we have seen slow (slow!) gains in median home sales prices over the past several years. The stability (not a decline) is good, but I think most homeowners wish property values would start to increase a bit more quickly. If you are planning to put your house on the market this Fall, it is important to look at trends in your particular price range. As shown above, inventory levels are increase for homes under $300K, but are decreasing for homes over $300K. If you are buying or selling now, or will be soon, I encourage you to become a student of the housing market. Learn what has been happening recently, what is happening now, and what is likely to happen next. Being informed will allow you to make better real estate decisions. You can continue your studies by reading the entire October 2014 market report online, or by downloading 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: Buying A New Construction Townhouse Requires A Bit Of Planning Should We Call An Almost Bedroom A Bedroom? November Home Sales Surge with 12% Year Over Year Growth and 5% Increase in Median Price Interest Rates And Home Prices Affect Home Sales Trends, But Life Events Do As Well! In Which Room Or Rooms Do You Spend Most Of Your Time? An Early Look At November Home Sales! All The Right Spaces In All The Wrong Places Do Not Be Surprised If You Have Lots Of Showings Of Your Home. Do Not Be Surprised If You Do Not Have Very Many Offers. How Many Homes Are Going Under Contract Within Three Days, These Days? The Growing Impact Of New Home Sales In Harrisonburg, Rockingham County
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 Dec 18, 2024 (unless otherwise noted).
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