Is the Massanutten Home Sales Market Over or Under Performing the Harrisonburg Market?


Is the Massanutten Home Sales Market Over or Under Performing the Harrisonburg Market?
July 15, 2009 Filed In: analysis, buying, market, selling
In response to my monthly home sales report, Keston asked... I'm guessing that even within Rockingham County that market conditions vary by locale. I was wondering if you have the ability to calculate the months of housing supply for Area 1 (Harrisonburg City) and Area 12 (Massanutten Resort). My hunch is Harrisonburg City is faring better than Massanutten. Let's take a look....at Massanutten, as well as other towns in Rockingham County... Right off the bat, we see that Keston is correct. It would take 13.7 months to sell the housing inventory in Harrisonburg & Rockingham County -- but when examining Massanutten alone, it would take 25.7 months -- nearly twice as long. The other outliers are Dayton and Grottoes which are performing much better than the market as a whole, and Timberville which is performing very poorly (perhaps because of the small sample size). Click on the graph above or on the data chart below for a printable PDF of the data.
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Sep 10, 2010 (unless otherwise noted).
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@cbfunkhouser.com
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Close Comments 1 Comment so far . . . Keston: Awesome. Thanks for sharing this Scott. Quite variable indeed. July 15, 2009 11:44 am Add A Comment: Name (required) E-mail (required, not published) Website Prove you're not a comment-spammer . . .