Home Sales Accelerating Faster In City Over Past Five Years


Home Sales Accelerating Faster In City Over Past Five Years
By Scott Rogers • January 25, 2019
Now, for the annual showdown between the City of Harrisonburg and Rockingham County, though first noting that: City of Harrisonburg = 17.41 square miles (around 13K properties) Rockingham County = 853 square miles (around 86K properties) So, let's see how home sales compare between these two regions.... There always seem to be more home sales in the County than in the City, at least when looking at the past five years. Last year, 65% of buyers bought in the County, and 35% bought in the City. Sales are growing faster in the City than in the County, as over the past five years, sales have increased 29% in the City, while only increasing 17% in the County. Over the past year, sales stayed rather unchanged in the County (842 to 842) while they increased 9% in the City. Properties sell much more frequently in the City of Harrisonburg, as last year, approximately 3.5% of City properties changed ownership, while only approximately 1% of County properties changed ownership. There are any number of factors that affect whether buyers end up buying in the City or County, including what type of property they are seeking, how much land they desires, school systems, employer locations, and much more. Receive Updates by Email Recent Articles: 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 Consider The Cost Of Your Planned Renovations When Planning Your Offer
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 21, 2024 (unless otherwise noted).
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