Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
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
Wednesday, February 16, 2022
Types of Home Sales
First, some raw data...

Resale Home Sales:
  • 2017 = 1,113
  • 2018 = 1,145
  • 2019 = 1,157
  • 2020 = 1,290
  • 2021 = 1,359
So, there have been more and more resale homes selling over the past five years.

New Home Sales:
  • 2017 = 149
  • 2018 = 161
  • 2019 = 167
  • 2020 = 205
  • 2021 = 309
There have also been more and more new homes selling over the past five years.

The graph at the top, though, tells a third story -- an increasing portion of home sales are new home sales. 
Between 2017 and 2020 new home sales comprised 12% - 14% of all home sales.

Then, in 2021, that jumped up to 19% new home sales.  Thus, last year, approximately one in every five homes sold was a new home.

This would seem to be good news, generally, as there is an ever increasing number of people who want to buy homes and make Harrisonburg their home -- so we'll need to see more new homes to help provide that housing.