Harrisonburg Real Estate Market Report: May 2018 [INFOGRAPHIC]

Market Infographic May 18 (1)

We are halfway through 2018 already! We are seeing a significant rise in listings (29%) as compared to May 2017, as well as a slight increase from year-to-date (7%). However, sales have dropped by 19% from last May. We are seeing contracts climb by quite a bit – 27% to be exact! days on market continue to drop across the board and the average price per square foot is on a consistent upswing. The median sales price has shot up to $205,950 – 7% from 2017!

If you’re looking to sell your home in 2018—this is certainly a seller’s market! As a team, we closed 72 seller transactions in 2017. Please, if you have any questions, or are looking to put your house on the market, please contact us!

In 2017 we helped 67 buyers find their home. If you’re interested in starting the home search in 2018, we’d be more than happy to guide you through the ins and outs of purchasing from contract to closing.

Stay tuned for more Market Trends… right here on Harrisonblog.

View our recent listing at 1126 South Dogwood! It’s a three bedroom, three bathroom remarkably spacious brick ranch near downtown and Hillandale Park!

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About Claire Wayman

Claire manages details of real estate contracts, coordinates social media and the Wilson Downtown Gallery, and keeps the team organized on a day-to-day basis. In her free time, she enjoys playing flute in various area groups and participating in local community theater.

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