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
Friday, April 1, 2011
Bill Meadows, a new resident of Dayton, Virginia, holds a distinct honor -- he was the only person to buy a home anywhere in Harrisonburg or Rockingham County during March 2011.
As shown above, January and February sales were quite low, but most people were expecting that we would see a rebound in Harrisonburg and Rockingham County home sales during March 2011. Alas, we did not, as only one person (Bill Meadows) bought a home during the entire month of March. Most analysts are hoping for stronger sales in April, to at least hit the double digits.
"I was quite surprised to find out that I was the only one to buy a house this month," Bill commented, "I was pretty sure I had heard several co-workers and friends also talking about buying a home this month."
Home sellers are trying hard to keep this in perspective but some sellers, such as Sally Peters, are having difficulty staying calm about this new development. "With only 1 home sale last month, and 821 active listings, that shows a 68 year supply of homes on the market," Sally explained, "Since I'm already 52 years old myself, I am obviously a bit concerned that it might take 68 years to sell all of the houses on the market. I might be over 100 before my home sells!?!"
Stay tuned for a full report on the housing market in roughly a week, until then, watch for additional details on these breaking stories:
As shown above, January and February sales were quite low, but most people were expecting that we would see a rebound in Harrisonburg and Rockingham County home sales during March 2011. Alas, we did not, as only one person (Bill Meadows) bought a home during the entire month of March. Most analysts are hoping for stronger sales in April, to at least hit the double digits.
"I was quite surprised to find out that I was the only one to buy a house this month," Bill commented, "I was pretty sure I had heard several co-workers and friends also talking about buying a home this month."
Home sellers are trying hard to keep this in perspective but some sellers, such as Sally Peters, are having difficulty staying calm about this new development. "With only 1 home sale last month, and 821 active listings, that shows a 68 year supply of homes on the market," Sally explained, "Since I'm already 52 years old myself, I am obviously a bit concerned that it might take 68 years to sell all of the houses on the market. I might be over 100 before my home sells!?!"
Stay tuned for a full report on the housing market in roughly a week, until then, watch for additional details on these breaking stories:
- JMU to purchase portion of Interstate 81 passing through campus, plans to paint the road purple, and use gold lines for all lane markings.
- Rockingham County Planning Commission members, bored due to a lack of re-zoning requests for new residential subdivisions, form a development company, and send themselves re-zoning applcations for their own land.
