Perhaps as a result of the $8,000 tax credit, this month's home sales were not as low as could be expected given the year-to-date trends.  During the first nine months of this year, we have seen an overall decline of 21% in home sales, yet September 2009 versus September 2008 only shows a 11% decline. 

Furthermore, both the median sales price and average sales price increased when comparing September 2009 sales to September 2008 sales.  The year-to-date median and average sales prices are still showing declines (4%, 2%), so we won’t call this a trend yet -- but hopefully a sign of positive changes to come.

To learn more, review the entire September 2009 Harrisonburg & Rockingham County Real Estate Market Report:  Read Report Online  |  Download PDF.

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