It's an exciting time of year in the local real estate market! More sellers are listing their homes, more buyers are writing contracts, and both of these turn into a major upward trend in sales and contracts for the year. Last month, we had seen a nearly 12% increase in sales and almost 23% more contracts. This month, though, we see the market picking up speed with an 18% uptick in sales and -- whoa -- 25% more contracts than last year!
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Harrisonburg Real Estate Market Report: February 2015
Last month, we introduced you to our new and improved market reports, and reported on interesting statistics in our local Harrisonburg and Rockingham County real estate market, including rolling 12-month averages for several different data points. Year-to-date, though, January had shown nearly 10% less sales than last year. Add in February when buyers made it to the closing table, and we're now at 11.7% more than last year. The first quarter of the year is usually "moody" and year-to-date stats only incorporate a small data set -- which is why we like to look at rolling 12-month averages.
Harrisonburg Area Real Estate Market Report: December 2014
The Harrisonburg and Rockingham County real estate market finished up 2014 with a strong December! With another full calendar year behind us, we’re thrilled to report that the market is healthy. Sales, sales prices, home values, and contracts all increased while days on market decreased. Read on for more detail...
Harrisonburg Area Real Estate Market Report: November 2014
November ended up providing us with another great month for the Harrisonburg and Rockingham County real estate market. Though sales dropped for the month, year-to-date sales compared to 2013 are up 2.6%. Sales prices and price per square foot are also on the rise, and days on market has dropped...
Harrisonburg Area Real Estate Market Report: October 2014
We are pleased with how the Harrisonburg real estate market fared in October. Entering the final quarter of the year usually begins the “leveling off” of both contracts and sales because folks are gearing up for the holiday season, but this year, October remained surprisingly strong. Sales were boosted to over...
Harrisonburg Area Real Estate Market Report: September 2014
When someone considers selling their home, he/she is putting what is likely his/her biggest asset on the line. Listing a home on the real estate market is a big decision. It is beneficial to know how the market is performing, not just at this point in time, but what trends have been occurring...