If you bought during X your house is likely worth Y today

Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.

If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!

Newer Post

home

Older Post


If you bought during X your house is likely worth Y today
By Scott Rogers • May 3, 2012 Filed In: analysis, market
The chart above is calculated based on comparing this year's median sales price to the median sales price in each of the prior eleven years. Several key points to take away from this chart.... For many, many home owners, this chart may have very little pertinence to the value of your home. These calculations are based on median sales prices, and your home (and/or neighborhood) may have performed VERY differently during any of these time periods. If you bought your house between 2005 and 2008, it's a tough time to try to sell. (Hopefully, that's not news to anyone.) Home values are still declining (year-over-year), so despite today's buyers getting great deals on their houses, they still need to plan to be in them for at least five years to be sure to see gains in their home value. If you bought in 2004 or prior, you should do just fine if you are selling today. But again, the most important point is that while this might provide a general guide to what has happened with home values over the last decade (+), every home and neighborhood is unique. Let's chat about your specific house if you want to know what it is worth in today's market. Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address:
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 21, 2013 (unless otherwise noted).
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Like what you're reading? Receive HarrisonburgHousingToday.com Updates by Email
Comments (0) or Subscribe
Close Comments Add A Comment: Name (required) E-mail (required, not published) Website Prove you're not a comment-spammer . . . Scott on Google+