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
Friday, April 17, 2009
A recent comment from my blog raises a great question:
"Statistical analyses always report "average days on market." As a buyer, I am wondering what a histogram of days on market for houses sold in the last 6 months looks like. In other words, how many houses sold within 1 week? 1 month? 6 months? How many took an entire year to sell?"
As this reader points out, I typically only report the average days on market, which isn't very helpful. So, let's take a look at what we'll find when viewing the last six months of home sales in Harrisonburg and Rockingham County...
Click on the chart above (or here) for a printable PDF.
As you can see, there are still quite a few homes selling within the first few months of being on the market (94 homes) --- but there are a LOT that are taking a VERY long time to sell. There were 59 homes in Harrisonburg and Rockingham County that took more than a year to sell, with 30 of those taking more than two years!
Hopefully this sheds a bit more light on the time it takes to sell a home in Harrisonburg or Rockingham County. A more detailed analysis of the days on market of your property type, location, price range, etc. is bound to be even more helpful for you. Let me know if I can assist.
"Statistical analyses always report "average days on market." As a buyer, I am wondering what a histogram of days on market for houses sold in the last 6 months looks like. In other words, how many houses sold within 1 week? 1 month? 6 months? How many took an entire year to sell?"
As this reader points out, I typically only report the average days on market, which isn't very helpful. So, let's take a look at what we'll find when viewing the last six months of home sales in Harrisonburg and Rockingham County...
Click on the chart above (or here) for a printable PDF.
As you can see, there are still quite a few homes selling within the first few months of being on the market (94 homes) --- but there are a LOT that are taking a VERY long time to sell. There were 59 homes in Harrisonburg and Rockingham County that took more than a year to sell, with 30 of those taking more than two years!
Hopefully this sheds a bit more light on the time it takes to sell a home in Harrisonburg or Rockingham County. A more detailed analysis of the days on market of your property type, location, price range, etc. is bound to be even more helpful for you. Let me know if I can assist.
