I just published my monthly market report on the local housing market and there is plenty of good news in many segments of the market.  Click the cover of the report below to download the entire report as a PDF or read on below for some highlights.


    Cover Home:  3291 Barrington Drive, Harrisonburg, VA

After a relatively mild month of home sales in March, there were an astonishing 100 home sales in April 2013 (see below) -- bringing us to the highest level since June 2010 when buyers had their last chance to cash in on the federal home buyer tax credit.



Beyond the single month of market exuberance shown above, it is also important to examine long term trends.  Below you will note that for the past two years we have seen stable prices and an ever increasing rate of annualized home sales.



The future looks positive as well, with another strong month of contracts in April (116) piling on top of March's 114 contracts.



It should be noted that the market improvements described above vary based on price range, property type and location.  As shown below, the lower price ranges have seen a greater improvement in sales than the higher price ranges.



There is plenty more inside the full report, including....

• City home sales increase 138% in April 2013.
• Inventory levels drop 14% over the past year.
• The foreclosure rate declines in 2013.
• List Price to Sales Price is stable.

Click here to download the full May 2013 Harrisonburg and Rockingham County Real Estate Market Report.

And 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.