Predictably, twice as many buyers are choosing the County (over the City) in 2016

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Predictably, twice as many buyers are choosing the County (over the City) in 2016
By Scott Rogers • April 15, 2016 Filed In: analysis, market
The first quarter of 2016 has been a (crazily) busy few months of contract activity -- especially in March. As shown above, twice as many buyers are contracting on homes in Rockingham County (192) as compared to the City of Harrisonburg (93). But, it turns out that shouldn't surprise us, based on the typical pace of buyer activity in the City and County.... As shown above, last year there were just about twice as many home sales in Rockingham County (746) as there were in the City of Harrisonburg (379). But before you conclude that County home sellers have it soooo easy, because twice as many buyers are buying in the County, I should point out that there are actually MORE THAN twice as many homes for sale in Rockingham County (411) as compared to the City of Harrisonburg (151).... As such, there are actually more buyers per seller in the City than in the County. Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address: Recent Articles: Homes Have Never Sold Faster Than They Are Selling Right Now! Monthly Housing Costs Decline A Bit In 2020 Thanks To Record Low Mortgage Interest Rates How Do Home Inspection Negotiations Usually Proceed? Home Buyers Keep On Buying Mortgage Interest Rates Are Absurdly Low Inventory Changes Can Reveal Reasons For Fewer Home Sales Home Sales and Prices Still Rising Despite Declining Contract Activity Home Buying Activity Continues To Slowly Slow, But Low Inventory Likely A Contributing Factor Mortgage Applications, Often A Good Leading Indicator Of Buyer Activity, Rising Quickly! Looking At The Big Picture, Financially, Of Both Selling AND Buying a House
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 May 28, 2020 (unless otherwise noted).
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