Predictions for the 2013 Harrisonburg and Rockingham County Real Estate Market

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


Predictions for the 2013 Harrisonburg and Rockingham County Real Estate Market
By Scott Rogers • January 1, 2013 Filed In: market
Last year at this time I predicted we'd see a 5% to 10% increase in single family home sales in 2012. "So, now for predictions for 2012. It's actually a bit more difficult this year. After an 11% increase in single family home sales during 2011 --- it's hard to be conservative in my estimates. Before seeing these figures, I would have estimated we'd see a 2% to 5% increase in single family home sales in 2012. But given that 2011 showed a whopping 11% increase in sales pace, I think I'll have to predict that we'll see a 5% to 10% increase in 2012. That would put us somewhere between 649 and 680 sales in 2012 -- which is on pace with 2008." It turns out my first instincts (2% - 5%) were more accurate. Here's how the market performed in 2012 based on data through 1/1/2013 (a few more sales could trickle in).... So, now for predictions for 2013.... After a 2% increase in single family homes between 2011 and 2013, I am going to predict somewhere between a 2% and 5% increase in single family home sales in 2013. This would result in somewhere between 647 and 666 home sales during 2013. Despite only a 2% increase in single family homes during 2012, overall it was a great year for our local housing market! Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address: Recent Articles: Understanding the Total Financial Impact of Selling AND Buying a Home What Does a Realtor Do in Representing a Buyer? Hey Builders, Harrisonburg is an Increasingly Popular Place to Live, Keep Up, Please! Today is the Great Community Give! Should You Be Dejected If Your House Does Not Sell In One Week? How Historic Are Our Current Low Housing Inventory Levels? Best First Quarter of Home Sales in Ten Years Just How Speedy Does A Home Buyer Have To Be These Days? Home Sales and Prices Rising, Time on Market Falling Buying vs Building A $400K+ Home
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 Apr 24, 2018 (unless otherwise noted).
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+