Learn more about this month's Featured Property:  2826 Brookshire Drive

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....



First, the fun news.  As noted above, June 2015 home sales (all 126 of them) broke a long-standing record for the number of homes selling in a single month in Harrisonburg and Rockingham County.  The last time we saw this many closings in a single month was waaaay back in August 2007!



Moving beyond a single month of lots of home sales, it is clear (as shown above) that the first half of the year is off to a smashing start as well.  There were 515 home sales in the first half of 2015 -- more than in the first six months of any of the preceding five years.



Perhaps these increasing home sales are what is also helping median prices to start to rise.  As shown above, after several years of slow increases (+1%, +2%, +2%) in the median sales price, we are now poised to see a 5% - 6% increase in median sales prices in 2015.  Stay tuned to see how the rest of the year shakes out -- but hopefully we'll at least clear 3% or 4%.



If you're thinking about putting your house on the market, this might be a swell time to do it -- as shown above, inventory levels are down 6% year-over-year AND inventory levels dropped over the past month.  Buyers have fewer options right now, and there are still plenty of buyers looking to buy....



As shown above, there were more buyers (126) in June 2015 than we saw in May 2015 (114) and we should still see quite a few more months of 100+ buyers making decisions to buy homes in Harrisonburg and Rockingham County.

OK, that's it for now.  I'll hit some high points here on HarrisonburgHousingToday.com in coming days.  In the meantime, you can read the full July 2015 Harrisonburg Housing Market Report online or by downloading the PDF.

And as is always my encouragement -- if you will be buying or selling a home in the near future, 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.

If you are ready to buy or sell a property in Harrisonburg or Rockingham County, contact me at 540-578-0102 or scott@HarrisonburgHousingToday.com to get the process started.
  

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Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com