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.
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Predictions for the 2013 Harrisonburg and Rockingham County Real Estate Market |
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![]() 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! ![]() Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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