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: Can this house be rented to a large group of college students? Four Bedroom Home on 1.65 Acres Offers Views, Privacy in Fort Defiance Is it Time for a Price Reduction? Further Renderings of Altitude at Stoneport, student housing to be built on Port Republic Road 425 Bed Student Housing Complex to Open at Stoneport in Fall 2019 Contract Activity Slows, Slightly, in First Half of 2017 Where Have All The Townhouses Gone? Buyers Have Bought Them Every One! Significant Decline in Number of Houses for Sale in the City of Harrisonburg Home Sales Steady in Harrisonburg, Rockingham County in First Half of 2017 VDOT Plans for Harrisonburg and Surrounding Areas
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 Jul 25, 2017 (unless otherwise noted).
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