Single Family Home Sales Prices Up Nearly 8% in 2015


Single Family Home Sales Prices Up Nearly 8% in 2015
By Scott Rogers • July 15, 2015
The analysis above looks only at single family home sales -- which excludes duplexes, townhouses and condos. This metric is a helpful indicator for the overall residential market because there are not usually a lot of investors participating in this segment of the market, thus it is typically a good representation of owner occupant demand for houses. As is shown above, the last few years have seen (small) declines in median sales prices with a 2% decline in 2013 and a 1% decline in 2014. It is, thus, exciting news (for home sellers, though perhaps not as much for home buyers) that these median sales prices have increased by nearly 8% thus far in 2015 as compared to 2014 median sales prices. Read more about current market trends in my monthly market report found online at HarrisonburgHousingMarket.com. 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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