How has the pace of home sales in the City and County changed over the years?


How has the pace of home sales in the City and County changed over the years?
By Scott Rogers • January 16, 2017
Now, for the annual showdown between the City of Harrisonburg and Rockingham County, though first noting that: City of Harrisonburg = 17.41 square miles (around 13K properties) Rockingham County = 853 square miles (around 86K properties) So, let's see how home sales compare between these two regions.... There always seem to be more home sales in the County than in the City, at least when looking at the past five years. Last year, 66% of buyers bought in the County, and 34% bought in the City. Sales are growing faster in the County than in the City, as over the past five years, sales have grown 52% in the County, while only growing 33% in the City. That said, over the past year, sales in the County and the City both increased by 16%. Properties sell much more frequently in the City of Harrisonburg, as last year, 3.38% of City properties changed ownership, while only 1.01% of County properties changed ownership. There are any number of factors that affect whether buyers end up buying in the City or County, including what type of property they are seeking, how much land they desires, school systems, employer locations, and much more. Receive Updates by Email Recent Articles: An Absence Of Competing Listings In A Broad Price Range Does Not Mean You Can (Or Should) Round Your List Price Up To The Top Of That Range The First Buyer To Make An Offer Will Likely Not Include An Escalation Clause, At Least Not At First Home Buyers Seem To Be Drawing The Line In A More Rational Place Now When Making Offers Buy A House For Yourself, Not The Next Owner Home Sellers Will Not Voluntarily Sell Their Homes For Lower Prices Because Of Higher Interest Rates Unless Competition Forces Them To Do So Homes Are Still Selling Quickly, So You Should Know (Or Think About) Where You Are Going Next Before You List Your Home For Sale Are You Ready To Sell Your Rental Property? Should We Let Buyers View Your Home Before It Hits The Market? Almost Half Of Homes For Sale Are New Homes Where Are Most New Homes Being Built Right Now?
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 28, 2023 (unless otherwise noted).
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