Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Wednesday, July 15, 2009
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...

Months of Housing Inventory by Location

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.

Months of Housing Inventory by Location