Predictions for the 2013 Harrisonburg and Rockingham County Real Estate Market

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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: What Does It Mean If Your Home Is Being Shown But Has No Offers? Monthly Housing Costs On The Rise When To Get Serious About A Mortgage For Your Home Purchase Just How Fast Are Home Selling These Days? More Buyers Signed Contracts in May 2018 Than In Any Other Month, Ever Home Sales Slow, Prices Pop, Contracts Climb Can All Homes In Harrisonburg Be Rented To Groups of JMU Students? Mortgage Interest Rates Edge Back Down, A Bit Showing Feedback Unrelated To Price Might Really Be Related To Price Are You Thinking About Purchasing A Modular 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 Jun 19, 2018 (unless otherwise noted).
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