Is the Massanutten Home Sales Market Over or Under Performing the Harrisonburg Market?
Scott P. Rogers
In response to my monthly home sales report, Keston asked...
Let's take a look....at Massanutten, as well as other towns in Rockingham County...
Right off the bat, we see that Keston is correct. It would take 13.7 months to sell the housing inventory in Harrisonburg & Rockingham County -- but when examining Massanutten alone, it would take 25.7 months -- nearly twice as long.
The other outliers are Dayton and Grottoes which are performing much better than the market as a whole, and Timberville which is performing very poorly (perhaps because of the small sample size).
Click on the graph above or on the data chart below for a printable PDF of the data.
I'm guessing that even within Rockingham County that market conditions vary by locale. I was wondering if you have the ability to calculate the months of housing supply for Area 1 (Harrisonburg City) and Area 12 (Massanutten Resort). My hunch is Harrisonburg City is faring better than Massanutten.
Let's take a look....at Massanutten, as well as other towns in Rockingham County...
Right off the bat, we see that Keston is correct. It would take 13.7 months to sell the housing inventory in Harrisonburg & Rockingham County -- but when examining Massanutten alone, it would take 25.7 months -- nearly twice as long.
The other outliers are Dayton and Grottoes which are performing much better than the market as a whole, and Timberville which is performing very poorly (perhaps because of the small sample size).
Click on the graph above or on the data chart below for a printable PDF of the data.
