Before we get to my monthly report the Harrisonburg and Rockingham County real estate market, I encourage you to check out WalkThroughThisHome.com - which highlights the fantastic new technology I am now using to market properties in this area.

OK, now, back to the housing market report.  As usual, you can jump to the full online market report, or download the PDF, or read on for highlights....



As shown above, home sales declined 10% in January 2015 as compared to last January, though the 47 home sales seen in Harrisonburg and Rockingham County during January 2015 was the same number we saw in January 2013 -- and more than in January 2012. 

The slightly slower start in January was accompanied by HUGE increases in the median and average sales price in January 2015 - which is exciting....until we look back at January 2013 and it becomes clear that the January 2014 median and average sales price figures were abnormally low. 



As shown above, the 47 home sales we saw in January 2015 fit in well with previous January sales trends.  We are likely to see 50 to 60 sales in February and March before things really start to take off in April.



As shown above, inventory levels have fallen over the past year -- so early sellers (listing now or soon) may still have the benefit of exposing their property to the current pool of buyers when those buyers do not have many other options of homes to purchase.  Inventory levels will likely stay relative low for the next 30 to 60 days.



As usual, quite a few (37%) homes that sell are doing so in 90 days or less.  This, again, emphasizes the importance of pricing your home appropriately for the market, preparing it well to sell, and marketing it thoroughly and professionally.

If you are buying or selling now, or will be soon, I encourage you to become a student of the housing market.  Learn what has been happening recently, what is happening now, and what is likely to happen next.  Being informed will allow you to make better real estate decisions.  You can continue your studies by reading the entire February 2015 market report online, or by downloading the PDF.

Also, 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.