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Lot sales are still "in the gutter"

As I expressed some time ago, my hope for the 2009 Harrisonburg and Rockingham County real estate market is that we would see the end of the ever-decreasing number of home sales in our market.  We have seen (approximately) a 25% decrease in number of sales between 2006-2007, 2007-2008, and 2008-2009.

Lot sales, however are doing much worse!

Lot Sales

In the first four months of this year (2009), In all of Harrisonburg and Rockingham County, there have only been 11 lot transfers of less than one acre. 

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