Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Wednesday, April 16, 2008
That doesn't mean that it is particularly easy or fast to sell your home right now -- but compared to the last six months, and the coming twelve months, now may be the most likely time that your home will sell.

Here's why . . .

Sales Trends - Time To Sell?

Despite lower sales in 2008 than in 2007, and lower sales in 2007 than 2006, sales in Harrisonburg and Rockingham County have continued (in large part) to follow normal month-to-month trends.  October-November of 2007 was a bit of an abnormality, but otherwise, you'll see that month-to-month, buyers are coming into and out of the market at the same (proportional) rate as in previous years.

This means, that in June, July and August, we will likely have the largest number of closings for the year -- which shouldn't come as any surprise to you.  I mention this, however, because some people hear the national news (sales down, prices down), or the local news (sales down by 20%, prices up by 5%), and assume that the month-to-month sales are rather flat, and that it is always a terrible time to sell.  Not so.  Your home is much more likely to be purchased in the next few months (contract in April, May or June with a closing in June, July or August) than any other time of the year.

I'm certainly willing to be proven wrong -- sales during the next few months could defy prior years' month-to-month trends -- but I doubt that will occur.