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
Tuesday, October 9, 2012
I just published my monthly Harrisonburg & Rockingham County Real Estate Market Report. Download the full PDF here, or read on for some highlights.
Despite some confusing and conflicting indicators in September, our local housing market is still stabilizing, and is poised for further growth.
This month particularly, we need to keep the one-month indicators (September) firmly rooted within the context of longer-term trends (YTD)....
Contracts are up 46% in September 2012 (compared to Sept 2011) but bear in mind that 22 of those contracts were a single buyer purchasing 22 investment properties.
Inventory levels continue to drop in our market, slowly creating a more even balance between buyers and sellers.
Buyers aren't able to negotiate quite as much these days, as shown above. This is another sign of market stabilization.
Looking for more analysis of our local housing market? Download the full PDF of my market report here.
And, if you have questions about the local housing market, or if I can be of assistance to you with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.
Oh, one last thing....here are a few articles I have written over the past month that might be of interest:
Despite some confusing and conflicting indicators in September, our local housing market is still stabilizing, and is poised for further growth.
This month particularly, we need to keep the one-month indicators (September) firmly rooted within the context of longer-term trends (YTD)....
- The pace of home sales dropped 15% in September though the YTD pace of home sales is still up 6%.
- Despite fewer September home sales the September median sales price jumped up 10% and the average sales price increased 19%.
- In more believable, sustainable numbers, the YTD median sales price is up 1.3% and the YTD average sales price is up 0.8%.
- While September data indicates a drop (-8%) in average days on market, the YTD data shows that average days on market is actually up 5%.
Contracts are up 46% in September 2012 (compared to Sept 2011) but bear in mind that 22 of those contracts were a single buyer purchasing 22 investment properties.
Inventory levels continue to drop in our market, slowly creating a more even balance between buyers and sellers.
Buyers aren't able to negotiate quite as much these days, as shown above. This is another sign of market stabilization.
Looking for more analysis of our local housing market? Download the full PDF of my market report here.
And, if you have questions about the local housing market, or if I can be of assistance to you with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.
Oh, one last thing....here are a few articles I have written over the past month that might be of interest:
- Sellers, don't despair yet, take a look at buyer activity last October and November!
- How to find a great deal on an investment property
- Should I buy a home if I am only going to be there for two years?
- Don't rely on Zillow Zestimates for an estimate of your home's value in Harrisonburg, Rockingham County
