More than half of buyers in our area spend less than $200K on a home


More than half of buyers in our area spend less than $200K on a home
By Scott Rogers • December 22, 2016
I thought we might actually see more change in these figures over time than we do see when looking at the data. The graph above shows the percentage of buyers (for this year and the three prior years) who purchase in each of the four main price ranges that I analyze each month. A few observations.... More than half of buyers spend less than $200K -- though this figure does not just look at owner occupant purchasers, and most investment property purchasers would end up in this price range. The percentage of buyers spending less than $200K has declined over the past few years from 60% down to 55%. The only price range to see a sizable proportional increase in buyers in the past year has been the $300K - $400K price range, which increased from 8% to 12%, though that price range included 11% of buyers the prior year. A very small portion (5.5%) of our market is comprised of homes over $400K. You can 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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