Local Home Sales Up 10% in 2010, Prices Down 4%
Scott P. Rogers
Click here to view my full June 2010 Harrisonburg & Rockingham County Real Estate Market Report.
Exciting Fact #1 --- May 2010 home sales declined 5% as compared to May 2009, but year-to-date sales (January through May) are up 10% over last January through May.
Exciting Fact #2 --- After three and a half years of steadily declining home sales (quantity, not prices), we have now seen stabilization or increases in home sales for over six months.
Not-So-Exciting Fact #3 --- Sales volume has declined sharply for four years now (red line), and median home values have declined gradually for two years (green line). Despite early positive indicators for the past several months, we're not out of the woods yet.
Other tidbits that you'll discover in my June 2010 Harrisonburg & Rockingham County Real Estate Market Report include:
Exciting Fact #1 --- May 2010 home sales declined 5% as compared to May 2009, but year-to-date sales (January through May) are up 10% over last January through May.
Exciting Fact #2 --- After three and a half years of steadily declining home sales (quantity, not prices), we have now seen stabilization or increases in home sales for over six months.
Not-So-Exciting Fact #3 --- Sales volume has declined sharply for four years now (red line), and median home values have declined gradually for two years (green line). Despite early positive indicators for the past several months, we're not out of the woods yet.
Other tidbits that you'll discover in my June 2010 Harrisonburg & Rockingham County Real Estate Market Report include:
- Average days on market is down in May 2010.
- Inventory levels have hit a new high.
- Land sales (1+ acres) are soooo slow this year.
