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

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Is the Massanutten Home Sales Market Over or Under Performing the Harrisonburg Market?
By Scott Rogers • 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. Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address: Recent Articles: Harrisonburg Area Home Sales Over $500K Continue To Soar In 2020 Preston Lake Has A Swimming Pool! Tell the City of Harrisonburg What You Think Should Change (or stay the same) In The Zoning and Subdivision Ordinances Contract Activity Continues Full Steam Ahead In October 2020 How Many Unrelated People Can Live In A House In Harrisonburg? Different Strategies for Buying A Rental Property For Your College Student Sometimes Buyers React Irrationally To Home Inspections Harrisonburg Area Home Sales and Prices Soar In September 2020! Is October (Right Now) Too Late In The Year To List Your Home For Sale? Large Mixed Use Development With 728 Homes (Plus Commercial Space) Planned On 133 Acres Just Outside Harrisonburg
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Oct 21, 2020 (unless otherwise noted).
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