Local New Home Sales Hit 7 Year High in 2016


Local New Home Sales Hit 7 Year High in 2016
By Scott Rogers • November 16, 2016
After six years in a row of 54 sales or less of new single family homes in the Harrisonburg/Rockingham MLS, we have seen 73 such sales in the first ten months of 2016. This is an indication that local builders are starting to have a bit more confidence in speculatively building homes in Harrisonburg and Rockingham County. Of note -- these numbers do not include the new homes that are built by home builders for individuals who own a lot or piece of land, and thus that never show up in the MLS as a home for sale. With increasing sales, and declining inventory, this seems like an ideal time for local builders to begin more speculative building to help meet local buyer demand. Find out more about the Harrisonburg and Rockingham County real estate market by visiting.... 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 23, 2024 (unless otherwise noted).
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