Local Home Sales Increase 43% in February 2013
As shown above, home sales increased dramatically in February 2013 to 66 sales for the month. This marks a 43% increase over February 2012, and is the highest month of February home sales in several years.
As shown above, there are plenty of positive indicators in this month's market report....
- February home sales increased 43%.
- YTD home sales have increased 33% in 2013.
- YTD median prices have increased 2.5% in 2013.
- YTD median days on market has declined 5% in 2013.
This surge in home sales is not over yet --- with a 16% increase in February contracts (shown above) we are likely to continue to see increase in home sales in the coming months. ALSO -- buyers are in the market NOW -- if you want to sell your house this spring or summer, we need to start talking soon.
There is lots more inside -- click here to download this 28 page market report as a PDF to learn everything you need to know about the overall Harrisonburg and Rockingham County real estate market.
Even if you read every word of my market report, you may still have some questions about how your current home (or a home you'd like to purchase) fits into the overall market. Call (540-578-0102) or email me (scott@HarrisonburgHousingToday.com) if you'd like to chat about your real estate situation, needs, goals, hopes or dreams.
One last thing....here are a few articles I have written over the past month that might be of interest:
- All months (and market segments) were not created equal
- Local Online Real Estate Resources
- Will 30-year fixed mortgage interest rates fall below 3.5% again?
