69 properties went under contract in Harrisonburg and Rockingham County last month (February 2011) --- showing a 53% increase over last February.
Moving beyond this startling good news, the question becomes (for many of my clients) what was it that actually sold in February!?
Contracts by Price Range:- 33% under $150k (23 homes)
- 38% between $150k and $250k (26 homes)
- 20% between $250k and $350k (14 homes)
- 9% above $350k (6 homes)
Contracts by Property Type:- 83% detached (57 homes)
- 17% attached (12 homes)
Days on the Market:
- 19% less than 3 months (13 homes)
- 25% between 3 and 6 months (17 homes)
- 42% between 6 and 12 months (29 homes)
- 14% more than 12 months (10 homes)
Location:- 32% in the City of Harrisonburg (22 homes)
- 68% in the County (47 homes)
Finally, here are
the actual properties that went under contract in February 2011. So, what do you think, is this a sign that the market is improving?
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