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
Sunday, August 8, 2010
Click here for the full August 2010 Harrisonburg & Rockingham County Real Estate Market Report.
If we only looked at July 2010 home sales (and ignored several other key indicators, and the bigger picture) we might get a little worried about our local housing market.
As can be seen above, there were very few home sales in July 2010. This is likely because of the original June 30th deadline for closing under the home buyer tax credit (the deadline has now been extended to September 30th). But after a very slow July, we'll probably start to see things pick back up, since contracts looked healthy in July 2010.
As can be seen above, there weren't too many buyers committing to buy properties last month, but there was a return to the contract-signing-table in July 2010. This month's buyer commitments actually exceeded last July's data, showing a reversal of the downward trend of the last several years. For another reversal, read on.
The yellow bars above show the number of home sales over the past ten years -- it is very likely that after four years of declining home sales, we might finally see an increase in 2010. Year to date, 2010 shows a 3% improvement over 2009 to date. The blue line above shows the change in median sales price over the past ten years. The median sales price declined by 5% between 2008 and 2009, but the decline appears to be much smaller this year.
Learn even more about what's going on in the Harrisonburg and Rockingham County real estate market by reading the full report.
Do you have questions about this report, or about the Harrisonburg and Rockingham County real estate market? Or about your house? Or about a house you might buy? Be in touch . . .
Scott Rogers | 540-578-0102 | scott@HarrisonburgHousingToday.com
If we only looked at July 2010 home sales (and ignored several other key indicators, and the bigger picture) we might get a little worried about our local housing market.
As can be seen above, there were very few home sales in July 2010. This is likely because of the original June 30th deadline for closing under the home buyer tax credit (the deadline has now been extended to September 30th). But after a very slow July, we'll probably start to see things pick back up, since contracts looked healthy in July 2010.
As can be seen above, there weren't too many buyers committing to buy properties last month, but there was a return to the contract-signing-table in July 2010. This month's buyer commitments actually exceeded last July's data, showing a reversal of the downward trend of the last several years. For another reversal, read on.
The yellow bars above show the number of home sales over the past ten years -- it is very likely that after four years of declining home sales, we might finally see an increase in 2010. Year to date, 2010 shows a 3% improvement over 2009 to date. The blue line above shows the change in median sales price over the past ten years. The median sales price declined by 5% between 2008 and 2009, but the decline appears to be much smaller this year.
Learn even more about what's going on in the Harrisonburg and Rockingham County real estate market by reading the full report.
Do you have questions about this report, or about the Harrisonburg and Rockingham County real estate market? Or about your house? Or about a house you might buy? Be in touch . . .
Scott Rogers | 540-578-0102 | scott@HarrisonburgHousingToday.com
