More Than Half Of New Home Buyers Are Buying Attached Homes

Most buyers of new homes in Harrisonburg and Rockingham County are buying attached homes... though just barely.

52% of new home buyers (191) bought attached homes over the past year

48% of new home buyers (178) bought detached homes over the past year

Two reasons come to mind as to why we are seeing just as many (or slightly more) buyers buying new attached homes as detached homes...

[1]  It's what the builders are building.

[2]  The price point of attached homes is more affordable.

Here's how the median sales price of detached and attached homes compare over the past 12 months...

Detached Homes = Median Sales Price of $406,250  ($210/SF)

Attached Homes = Median Sales Price of $328,955  ($198/SF)

Moving forward, I think both of these dynamics (what is being built, price of each) will cause plenty of future buyers of new homes to be buying townhouses.

Who knows... within a few years we might be seeing 60% to 70% of new home buyers buying attached homes instead of detached homes.

(Attached Homes = townhouses, duplexes, condos)