Have you been hearing whispers (or shouts) of "home prices are plummeting" or "real estate is a terrible investment" lately? Prove them wrong! Click on the graphic below to download and print my April 2008 Harrisonburg & Rockingham County Home Sales Report.
Show your neighbors, show your friends --- home prices are up!
Lots of caveats:
- While prices are up, home sales are down. This is discouraging to many, especially those who have had their homes on the market for quite some time.
- This is not an encouragement to go buy a home without understanding the market. Despite a 5% increase in median sales price in the last 12 months, not every house will increase in value by 5% in the next 12 months.
- The graphic above is printed on the back of my business card. If you are having trouble printing the report above, and you would like my contact information on the back of the report, I would be happy to give you some of my business cards. :)
- Median sales price is not a perfect measure of changes in home values. It depends on a relatively consistent amount of high priced homes selling, and a relatively consistent amount of low priced homes selling. Earlier this year, in response to a comment on my blog, I took a brief look at whether that has happened. Details here, down in the comment section.