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
Tuesday, May 10, 2011
Taking a look at the first four months of 2011, there are some signs of good news in our local market.....and certainly still some indicators that are not quite as positive. Click here to download the full Harrisonburg & Rockingham County Real Estate Market Report as a PDF, or read on for some highlights....
As seen above, year-to-date sales are only down 6% -- though median prices are down 12% as compared to a year ago.
Home sales have been going strong through March and April (the red line above), after a slow start in January and February. Hopefully we will continue to see a sales trajectory that will exceed May 2010, and perhaps come close to June 2010.
Buyers were QUITE active in April 2011 --- the number of contracts written (104) was the highest month of contracts in the past three years with the exception of last April. This bodes well for strong sales numbers in May and June!
Even better news is that while buyer activity is increasing, seller activity isn't getting too out of hand. We have significantly lower numbers of listings this spring as compared to the past two springs.
Our real estate market still has a long way to go before it is stable -- but April 2011 market activity seems to indicate that we are headed in that direction.
For more reading, Click here to download the full Harrisonburg & Rockingham County Real Estate Market Report as a PDF.
As always, if you have questions about this report, or if I can be of assistance with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.
As seen above, year-to-date sales are only down 6% -- though median prices are down 12% as compared to a year ago.
Home sales have been going strong through March and April (the red line above), after a slow start in January and February. Hopefully we will continue to see a sales trajectory that will exceed May 2010, and perhaps come close to June 2010.
Buyers were QUITE active in April 2011 --- the number of contracts written (104) was the highest month of contracts in the past three years with the exception of last April. This bodes well for strong sales numbers in May and June!
Even better news is that while buyer activity is increasing, seller activity isn't getting too out of hand. We have significantly lower numbers of listings this spring as compared to the past two springs.
Our real estate market still has a long way to go before it is stable -- but April 2011 market activity seems to indicate that we are headed in that direction.
For more reading, Click here to download the full Harrisonburg & Rockingham County Real Estate Market Report as a PDF.
As always, if you have questions about this report, or if I can be of assistance with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.
