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: If you think housing inventory levels are low now.... How much of the City of Harrisonburg single family housing stock sells in any given year? Price Distribution of Single Family Housing Stock in the City of Harrisonburg Single Family Housing Stock in the City of Harrisonburg Are $150K - $250K Detached Homes Available in the City of Harrisonburg? 5.5% Increase in Year Over Year Median Sales Price Housing Market Slows (but prices rise) in August 2017 New Developments Coming Soon? JMU purchases another property in Forest Hills Out of Date Foreclosure Data on Zillow
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 Sep 25, 2017 (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+