Remodeling can add significant value to your home, but completing any project while living in it is not easy. We've got firsthand experience in surviving remodels, and have come up with a handful of tips to make it a little more manageable.
This May was slower than last May in our local real estate market, but so far this year, we've seen great strides in moving toward a seller's market. Buyers are active and urgent, and sellers are smiling. Check out the May 2015 Market Report [INFOGRAPHIC] to get the details.
We've got a fresh, simple, visually appealing market report infographic for you this month! Perhaps the Harrisonburg and Rockingham County real estate market is shifting slightly to a seller's market. Homes are spending less time on the market, selling at higher prices, and creating happy home sellers.
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!
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.
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...