Market Report: November 2008

As promised, here is a report with statistics on the local real estate market for November.  (Source: Harrisonburg-Rockingham Association of Realtors Multiple Listing Service.)

Harrisonburg:

  • Total New Listings: 33
  • Median Sales Price: $170,806
  • Average Sales Price: $184,997
  • Average Days on Market: 133

Rockingham County:

  • Total New Listings: 55
  • Median Sales Price: $194,500
  • Average Sales Price: $229,680
  • Average Days on Market: 206

Massanutten:

  • Total New Listings: 3
  • Median Sales Price: $225,000
  • Average Sales Price: $207,500
  • Average Days on Market: 104

As stated in previous posts, Harrisonburg and Rockingham County are experiencing a slow, but steady market. Generally, the holidays are slow times in real estate, but the new year will bring new listings and more buyers. Sellers, if your home is currently on the market, stay strong! More buyers will come your way soon.

In the coming months, look for upward trends in new listings, and (we hope) a steady and strong sales volume. Stay tuned for statistics from December…

Avatar

About Lisa Oates

Lisa is the creative mind behind The Harrisonburg Homes Team, providing streamlined content management, quality authorship, and graphic design for Harrisonblog. She's passionate about blogging, enjoying life, and a good cup of coffee.

Leave a Reply

Your email address will not be published. Required fields are marked *