More New Homes Selling, at Higher Prices
Scott P. Rogers
As shown above, more new homes (54) sold in 2015 than in any year during the past five years. In fact, the 54 new home sales shown in the MLS in 2015 marked a 42% improvement over 2014.
Furthermore, the median sales price has increased to $140/SF -- the highest level seen anytime in the previous six years!
Of note -- the home sales shown above are only the new homes sold via the MLS. Plenty of other new homes have been built in recent years and sold directly by the builder (without ever being in the MLS) or were built via a contract build between land owner and home builder.
Read more in my Harrisonburg Year End Real Estate Market Report....
