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
Thursday, April 11, 2013
I just published my monthly housing market report for Harrisonburg and Rockingham County (download here) and good news abounds in many/most segments of our local housing market.
(Beautiful Cover Property: 1920 Marigold Circle, Harrisonburg, VA)
As shown above, there are many positive trends in the local housing market....
Even if March was a bit slower with home sales (+1.5%) the pace of contracts skyrocketed to 114 contracts during March 2013. This marks an astonishing 31% increase over last March, and is the highest pace of monthly contracts since April 2010 which was nearly the last opportunity for a buyer to take advantage of the home buyer tax credit.
As shown above, despite this being the spring selling season, inventory levels have dropped again --- with only 599 homes currently listed for sale. This marks a 15% decline in inventory level over the past 12 months.
Here are a few other tidbits to entice you to download the full report....
(Beautiful Cover Property: 1920 Marigold Circle, Harrisonburg, VA)
As shown above, there are many positive trends in the local housing market....
- March home sales increased 1.5% in 2013 as compared to March 2012.
- YTD home sales have increased 19%.
- YTD median sales prices have increased 6%.
- YTD average sales prices have increased 2%.
- YTD median days on market decreased 13%.
Even if March was a bit slower with home sales (+1.5%) the pace of contracts skyrocketed to 114 contracts during March 2013. This marks an astonishing 31% increase over last March, and is the highest pace of monthly contracts since April 2010 which was nearly the last opportunity for a buyer to take advantage of the home buyer tax credit.
As shown above, despite this being the spring selling season, inventory levels have dropped again --- with only 599 homes currently listed for sale. This marks a 15% decline in inventory level over the past 12 months.
Here are a few other tidbits to entice you to download the full report....
- Annualized pace of home sales increases again to 893 sales/year.
- Foreclosures decline as compared to 2012.
- List Price to Sales Price Ratio edges up slightly.
Also, here are a few other articles of note from the past month....
- Harrisonburg Real Estate Taxes to Increase 6%?
- Home & Garden Show = this Saturday and Sunday!
- The ICE House - innovative new downtown development
- Major shift in buyers, sellers in market over past two years
As always, if you're interested in talking to me about buying a home in Harrisonburg or Rockingham County.....or if you are interested in selling your current home.....just drop me a line by email (scott@HarrisonburgHousingToday.com) or call me at 540-578-0102.
