The startling 2016 recovery of single family home sales


The startling 2016 recovery of single family home sales
By Scott Rogers • January 18, 2017
SINGLE FAMILY HOME SALES are BACK! OK -- but really, it is rather remarkable to look at 2016 single family home sales. And who could have seen this coming? At best, I thought we might see 850 of these sales in 2016 -- or MAYBE (possibly, but not likely) 875 sales. But we ended up seeing 978 sales!?! Let's look a bit closer.... After three years hovering between 810 and 820 sales per year, all of a sudden, single family home sales jumped up to 978 sales in 2016! There have actually only been two years (ever, it seems) when more than 978 single family homes sold in a year --- 1,024 in 2004 and 1,025 in 2005. That was in the frenzy of the housing BOOM. So, now the questions would be --- will we see another 978-ish single family home sales in 2017 ... and ... will there be enough listing inventory for this many home sales to take place? Stay tuned! You can find out more about the Harrisonburg and Rockingham County real estate market by visiting.... And here are two handy references to prepare yourself to buy or sell a home.... BuyingAHomeInHarrisonburg.com SellingAHomeInHarrisonburg.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 23, 2024 (unless otherwise noted).
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