Will the Median Sales Price of Townhouses Perk Up in 2017?


Will the Median Sales Price of Townhouses Perk Up in 2017?
By Scott Rogers • March 14, 2017
Despite increases in the pace of sales over the past five (!!) years, we have not seen increases in the median sales price of these properties over the past two years. In fact, the median sales prices of townhouses (and duplexes and condos) actually declined by 1% in 2016. So -- what might 2017 have in store for us? So far, it seems that we might see an overall increase in the median sales price, but it is still early in the year. Stay tuned, and until then, feel free to peruse my full market report by clicking on the image below. Receive Updates by Email Recent Articles: Buyer Demand Exceeds Supply In Varying Degrees By Price Range Pending Home Sales Data Points To Slower Months Of Home Sales Ahead Detached Resale Home Sales Decline 39% In Two Years, Down To... Pre Covid Norm What A Great Time To Sell Your Million Dollar Home Home Buyers Who Bought Homes Two Years Ago Thought They Were Paying Crazy High Prices For Their Homes How Likely Is It That We Will Find A House That Fits You Better Than This One In The Next 90 Days? Fewer Home Sellers, Thus Fewer Home Buyers, But Ever Higher Sales Prices In Early 2023 First Look At February 2023 Home Sales Valley View Village, To Include 420 Apartments, Proposed For Reservoir Street Balancing Optimism, Pessimism And Realism When Thinking About An Almost Perfect House
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 Mar 22, 2023 (unless otherwise noted).
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