Harrisonburg / Rockingham County Home Sales Report - May 2008
Scott P. Rogers
Some observations:
- Sale volume is still down from last year (no surprise there), though the gap may be slowly closing. Jan - March showed 2008 sales 24.71% below 2007. Jan - April shows 2008 sales 23.38% below 2007. The gap probably isn't yet statistically significant, but it will be interesting to see what happens when we include May sales as well.
- Prices keep going up, though only at a modest 4.27% over the past year. This is great compared to some areas that have seen price declines.
