The startling 2016 recovery of single family home sales
SINGLE FAMILY HOME SALES are BACK! OK -- but really, it is rather remarkable to look at 2016 single family home sales. And who could have seen this coming? At best, I…
When should we expect to see buyer activity start in earnest in 2017?
If you are planning to sell a home early in 2017, you might be wondering when buyers start coming out in full force. As shown above, the month when buyers really start…
What do 2016 year end home sales mean for buyers and sellers in 2017?
So -- 2016 is over, and 2017 has come. Let's use the data above to draw a few conclusions about what 2016 home sales mean for buyers and sellers in 2017.... HOME…
Year End Home Sales Report Shows Rising Prices, Soaring Sales in 2016
Learn more about this month's Featured Property: 5448 Jesse Bennett Way I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
Home Sales Increase (at least) 16% in 2016
All home sales have not yet been reported but it is now clear that there were upwards of 1300 home sales in Harrisonburg and Rockingham County last year. We are likely to…
More than half of buyers in our area spend less than $200K on a home
I thought we might actually see more change in these figures over time than we do see when looking at the data. The graph above shows the percentage of buyers (for this…
Have all price ranges seen equivalent changes in inventory levels?
Indeed -- inventory levels are falling -- there aren't nearly as many homes on the market now as there were a year ago. In fact, over the past year, we have seen a 27%…
New home sales are increasing, but is it happening fast enough?
After six years of rather stagnant new home sales (41-54 per year) between 2010 and 2015, we are finally starting to see more new home sales in 2016. The graph above…
After three years of stagnation, single family home sales are increasing again
Single family home sales are often one of the best indications of the health of a local real estate market, as compared to analyzing ALL home sales, because almost all of…
When was the last time we saw more than 1300 home sales in a year?
So.....it seems that we'll likely see a total of 1300 (!!!) home sales in 2016. That is based on the 1213 sales we've seen thus far in the first eleven months of 2016…
Just how crazy were November 2016 home sales?
Let's go with "super-crazy" or "like-never-seen-before-in-the-past-10-years-crazy".... There were 111 home sales in November 2016. That is well more than seen in the…
Home Sales Surge, Prices Rise, Inventory Drops in November 2016
Learn more about this month's featured property: 130 Bedford Place I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…