Early Predictions For The Future Of Our Local Real Estate Market


Early Predictions For The Future Of Our Local Real Estate Market
By Scott Rogers • November 15, 2021
I'll make more detailed predictions about the 2022 local housing market towards the end of December of the beginning of January -- but for now, I'll mention the following related to the Harrisonburg and Rockingham County real estate market... Facts: 2020 = 10% increase in the median sales price 2021 = 10% increase in the median sales price (thus far) Predictions: I don't think we'll see a 10% increase in the median sales price between 2021 and 2022. I don't think we'll see a decline in the median sales price. I think we are likely to see a 3% - 5% increase in the median sales price in 2022. Again, I'll look deeper into the data and make some further predictions as we get closer to the year wrapping up, but what do you think? What are your predictions? 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 22, 2024 (unless otherwise noted).
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