Home Sales Back In Line With Population?


Home Sales Back In Line With Population?
By Scott Rogers • January 28, 2015
The Weldon Cooper Center just released their 2014 Population Estimates and Harrisonburg and Rockingham County are growing, as usual. 2014 Population Estimates: Harrisonburg: 52,612 Rockingham County: 78,953 Combined City/County: 131,565 If we take 2000 home sales as a baseline portion of the population to be buying in any given year, and then we project forward based on actual population growth, we can conclude that.... More people than usual bought between 2001 and 2007. (housing boom) Fewer people than usual bought between 2009 and 2012. (housing bust, and then recovery) In 2014 we may have finally returned to a "normal" portion of the local population to be buying in a given year. Based on the data presented above, I believe the new "normal" number of people to be buying per year may be around 1,050 - 1,100 home sales. Read today's Daily News Record article for more commentary on these new population estimates. 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 22, 2024 (unless otherwise noted).
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