The Harrisonburg and Rockingham County home sales market is roaring through 2012 through, likely due to low mortgage interest rates and low local unemployment levels....


There are very promising sales updates across the board:

1. Home sales rose 13.24% in May 2012 as compared to last May.
2. Year-to-date home sales rose 5.61% as compared to last year.
3. The median sales price rose 18.75% (!) in May 2012 compared to May 2011.
   
4. The YTD median sales price has increased 6.5% in the past year.
   

Month by month, the timing has been a bit unusual in 2012....



A warm February lead to higher than normal March sales, followed by a slower than normal April, finished off most recently by the best May in three years.

In other exciting news....

• Inventory is down 14% from a year ago.
• Buyer activity in May was up 6% from last May.
• Single family homes are seeing an increase in median sales prices.

Click the image below to read the entire June 2012 Market Report....