Having closed out 2012, we can say with certainty that the the local housing market has turned the corner, and brighter times are ahead. 

• Home Sales Increased 9% between 2011 and 2012
• Home Values (median sales prices) increased 1% between 2011 and 2012

Download the January 2013 Harrisonburg & Rockingham County Real Estate Market Report to pore over the details, or read on for highlights....

As shown above, while home sales declined (-29%) in December the year-end figures show an overall 8.8% increase in home sales during 2012.  Furthermore, median sales prices increased (+0.57%) between 2011 and 2012.



As shown above, after a brief slow down during November, buyer activity increased again in December --- marking a 26% increase over December 2011.



Inventory levels have dropped again, down 15% over the past year to 572 homes on the market.  This is a 27% decline over the past two years, and is definitely helping our local housing market return to a balance between buyers and sellers.



If you have questions about the local housing market, or if I can be of assistance to you with real estate that you own, or that you'd like to own, please be in touch.  You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.

Oh, one last thing....here are a few articles I have written over the past month that might be of interest:

• When do the buyers start buying? March? April?
• What Do Declining Inventory Levels Mean?
• Predictions for the 2013 Harrisonburg and Rockingham County Real Estate Market