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Is the Harrisonburg and Rockingham County Real Estate Market Keeping Up With The Joneses? |
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First, let's take a look at how we compared to our neighboring markets as to the number of home sales this past year (2009) compared to the prior year (2008). ![]() As you can see, the sum total of Virginia showed a 2% increase in the number of home sales. In comparison, Harrisonburg and Rockingham County aren't doing so well --- with a 13% decline in home sales. In fact, the markets north, south and east of our market have all shown a stronger performance as measured by the number of home sales. But what about home values, or median sales prices, you might ask . . . . ![]() This is the area where Harrisonburg and Rockingham County has done well --- hmmmmm --- or at least we haven't done as poorly as our neighboring markets, and the state as a whole. Our market saw a 4% decline in median sales price, in comparison to 9% for the state as a whole, a whopping 17% decline north of our market, and a 5% decline to the east. This data is consistent with what I have been observing for the past several years --- home values are holding steadier in our market than in most areas, but home sales have been quite slow as a result. Now, what shall we predict for 2010 and 2011?? Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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