At the close of the first half of 2008, here's another look at the Harrisonburg housing market.
Scott P. Rogers
Here is a quick overview of the current state of the Harrisonburg and Rockingham County housing market:
- A significantly smaller number of homes are selling this year as compared to last year (25% fewer).
- Home prices seem to be staying relatively level (median prices increased slightly, average prices declined slightly).
- Leading to point #1, fewer buyers are committing to properties.
- Despite the overall lack of enthusiasm of buyers, homeowners are still putting their homes on the market in record numbers (44% more than last year).
Click on the chart for a printable PDF, or click here for some additional analysis of the Harrisonburg housing market in the first half of 2008.
