Positive Long Term Trends Over The Past Six+ Months


Positive Long Term Trends Over The Past Six+ Months
By Scott Rogers • December 9, 2014
There is a lot going on in the graph above.... This graph shows a rolling 12 months of the number of home sales in the Harrisonburg and Rockingham County area, as well as the median price of the homes that sold during these time frames. Each data point shows one year's worth of home sales, which eliminates the volatility of evaluating sales figures on a monthly basis. Of note, over the past six to eight months, we've seen two things happen.... 1. Median Prices jumped up from their usual $175K spot (where they've been for a few years) to levels closer to $178K or $179K. This is shown with the green line in the yellow shaded box. 2. The pace of home sales started increasing again, surpassing the 1,000 sales per year mark again, after having seen a decline in early 2014. This is shown with the orange line in the yellow shaded box. Both of these are long term trends that show sustained health and growth in our local real estate market. For even more analysis of our local housing market, check out my full December 2014 market report online, or by downloading the PDF. 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 21, 2024 (unless otherwise noted).
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