Lot Sales Slowing Faster Than Home Sales


Lot Sales Slowing Faster Than Home Sales
By Scott Rogers • November 11, 2008
1,507 homes sold in Harrisonburg and Rockingham County in 2004, compared to a projected 983 this year (2008). That shows a decline of 35% when comparing 2004 and 2008. In stark contrast, 411 lots (less than one acre) sold in Harrisonburg and Rockingham County in 2004, compared to a projected 79 this year (2008). That shows a massive decline (as pictured above) of 80% when comparing 2004 and 2008. If you're looking to sell a lot right now, you may need to prepare yourself for a long wait. The current inventory of 363 lots may take a few years to sell. Receive Updates by Email Recent Articles: 55 (More) Townhomes Proposed On Pear Street As You Might Imagine, It Is Still A Pretty Swell Time To Sell A House I Was Going To Upgrade To A Larger Home Until I Saw That Larger Mortgage Payment!?! The Second Best Way To Know If Your House Will REALLY Sell For THAT Much!?! The Value Of The Smallest House In The Neighborhood Mortgage Interest Rates Double Within A Single Year Help Bring A Free Three-Year Outdoor Live Music Series To Downtown Harrisonburg Another Visual Of A Slightly Slowing Pace Of Home Sales Are Home Prices Rising Because Larger Homes Are Selling? Home Prices Keep Rising in Harrisonburg, Rockingham County Despite Slightly Fewer Home Sales
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 Sep 26, 2022 (unless otherwise noted).
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