Housing Market Report: Sales Increase, Prices Increase, Contracts Increase in Harrisonburg, Rockingham County
Scott P. Rogers
Below you will find several highlights from my December 2010 Harrisonburg and Rockingham County Real Estate Market Report, available as a PDF by clicking here.
Our local real estate market still has a ways to go before recovering, but there are some positive signs this month.
First, you'll note (above) that home sales increased in November 2010 as compared to the previous month (October 2010). Sales in November were lower than in November 2009, but last November had the benefit of being the intended deadline for the home buyer tax credit -- thus lots of extra buyers closed in November.
Median sales prices and average sales prices both increased in November (10%, 8%). This, however, is likely because the median and average sales prices were much lower than normal last November as a result of so many first time buyers closing (on properties with low purchase prices) during November. Year to date figures still show a 3% year over year decline in prices.
More buyers committed to buy properties in November 2010 than we have seen in the past three Novembers! Hopefully we'll see a strong December as well.
Click the image above (or here) to review the entire December 2010 Harrisonburg and Rockingham County Real Estate Market Report.
If you have questions about this report, or if I can be of assistance with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.
Our local real estate market still has a ways to go before recovering, but there are some positive signs this month.
First, you'll note (above) that home sales increased in November 2010 as compared to the previous month (October 2010). Sales in November were lower than in November 2009, but last November had the benefit of being the intended deadline for the home buyer tax credit -- thus lots of extra buyers closed in November.
Median sales prices and average sales prices both increased in November (10%, 8%). This, however, is likely because the median and average sales prices were much lower than normal last November as a result of so many first time buyers closing (on properties with low purchase prices) during November. Year to date figures still show a 3% year over year decline in prices.
More buyers committed to buy properties in November 2010 than we have seen in the past three Novembers! Hopefully we'll see a strong December as well.
Click the image above (or here) to review the entire December 2010 Harrisonburg and Rockingham County Real Estate Market Report.
If you have questions about this report, or if I can be of assistance with real estate that you own, or that you'd like to own, please be in touch. You can reach me most easily at 540-578-0102 or scott@HarrisonburgHousingToday.com.
