NEWS FLASH --- with 11 precincts now reporting (ok, months) we are ready to predict the outcome of this race (ok, housing market) as a convincing win for homeowners.  The pace of sales has increased 10% in 2012, and prices have (finally!) stabilized!

Download the December 2012 Harrisonburg & Rockingham County Real Estate Market Report to pore over the details, or read on for highlights....



The pace of residential sales is up 10% in Harrisonburg and Rockingham County.  We have been suspecting a strong comeback for 2012 for some time, but with November sales figures added into the mix we are now seeing a 10% increase in year-to-date sales as compared to 2011.



The median sales price threatens to stay at $175,000 eternally.  After 20 straight months of hovering between $173K and $177K, I think it is safe to say that the median sales price has stabilized.  Each data point above is a 12-month median sales price.



Inventory levels keep dropping.   One reason the local housing market is slowly steadying itself is because there are fewer and fewer homes for sale.  And no, that's not just the seasonal slow down --- as shown above, inventory levels have declined 17% over the past year.

Click on the image below to download the full December 2012 Harrisonburg & Rockingham County Real Estate Market Report.



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:

• Gift Shopping? What does every House For Sale want this year?
  
• Harrisonburg Mobile Real Estate Search
• Harrisonburg to see 50% growth in next 30 years!?
• The Three-Legged Stool of Selling A Home
• Receive "Property Alerts" based on your Saved Searches