Even With A Slower Second Half Of 2022, It Will Have Been The Third Strongest Year Of Sales, Ever


Even With A Slower Second Half Of 2022, It Will Have Been The Third Strongest Year Of Sales, Ever
By Scott Rogers • December 28, 2022
Mortgage interest rates rose considerably in the second half of 2022 -- actually, even as early as mid-April they had already surpassed 5%. These higher rates eventually (months later) lead to a slowdown in the number of homes selling in 2022. Yet, despite this slowdown, 2022 will close out as the second strongest year of home sales in Harrisonburg and Rockingham County, ever. Thus far in 2022 we have seen 1,548 home sales in Harrisonburg and Rockingham County as reported in the HRAR MLS. Last year, in all of 2021, there were 1,668 home sales. As such, yes, we aren't breaking any records this year. But, prior to 2021, there was never a year with more than 1,500 home sales in a single year. The closest (which was quite close) was 2020 with 1,495 home sales. So, was 2022 a much slower, much weaker year of home sales in this area? Not really. It was slightly slower than last year... but stronger than every other year before that, ever. NOTE: After having awarded 2022 with the beautiful second place ribbon above I then looked back even further beyond the past decade and found that there WAS one other year with more home sales than 2022... way back in 2005. So, 2022 will really end up being the third strongest year of home sales, ever. 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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