Local Home Sales Up 10% in 2010, Prices Down 4%


Local Home Sales Up 10% in 2010, Prices Down 4%
By Scott Rogers • June 8, 2010
Click here to view my full June 2010 Harrisonburg & Rockingham County Real Estate Market Report. Exciting Fact #1 --- May 2010 home sales declined 5% as compared to May 2009, but year-to-date sales (January through May) are up 10% over last January through May. Exciting Fact #2 --- After three and a half years of steadily declining home sales (quantity, not prices), we have now seen stabilization or increases in home sales for over six months. Not-So-Exciting Fact #3 --- Sales volume has declined sharply for four years now (red line), and median home values have declined gradually for two years (green line). Despite early positive indicators for the past several months, we're not out of the woods yet. Other tidbits that you'll discover in my June 2010 Harrisonburg & Rockingham County Real Estate Market Report include: Average days on market is down in May 2010. Inventory levels have hit a new high. Land sales (1+ acres) are soooo slow this year. Click the image below to read the full report... Receive Updates by Email Recent Articles: Will 2025 Be A Good Year To Sell Your House? Very Few Building Lots Are Available For Sale For Custom Homes In Our Area More And More Homes That Are Selling Are New Homes My Predictions For The 2025 Real Estate Market In Harrisonburg, Rockingham County Reviewing My Predictions From Last Year For The 2024 Real Estate Market Home Sales On The Rise Again In 2024 December Contract Activity Slower This Year Than Last The End Of Double Digit Growth In Median Sales Prices, At Least For Now About One In Six Home Purchases Are Cash Purchases In Harrisonburg, Rockingham County Virginia Home Prices Rising A Bit More Quickly Than Harrisonburg, Rockingham County
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 Jan 13, 2025 (unless otherwise noted).
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