Impressive Contract Pace in November 2016
Here's a bit of a sneak peak at my upcoming market report which will be published next week. The graph above shows the number of contracts signed per month over the past…
Fewer and Fewer Homes for Sale in Harrisonburg, Rockingham County
I am not kidding around when I tell my buyer clients that there have never been fewer options of homes to buy than RIGHT NOW! I have been tracking housing inventory since…
54% of Homes (that sell) are Under Contract within 60 Days
Every home that goes on the market does not necessarily sell. Every home that goes on the market does not necessarily sell quickly. That said, 54% of the homes that do…
Local New Home Sales Hit 7 Year High in 2016
After six years in a row of 54 sales or less of new single family homes in the Harrisonburg/Rockingham MLS, we have seen 73 such sales in the first ten months of 2016…
Sellers Selling for 98% of (Last) List Price
This graph shows the average list price to sales price ratio (red line) in recent years as compared to the overall pace of home sales. Over the past several years, the…
4.6% Increase in Median Price Per Square Foot in 2016
In addition to monitoring home values by overall median sales prices in our market, it can be insightful to examine the median price per square foot of homes that are…
Local Homes Sales Up 14% YTD Despite Slower Sales in October 2016
Learn more about this month's featured property: 429 West Marshall Avenue I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
Home Buyers Continue Fast Pace of Contract Signing in October 2016
An early look at home buying activity (contracts being signed) in October 2016 indicates that the local real estate market is still not showing any signs of slowing down…
Foreclosures Continue to Decline in Harrisonburg Area
The graph above is a comparison of two imprecise measures -- but the comparison can still be helpful. The blue bars show the number of home sales recorded in the HRAR MLS…
New Home Sales Increasing in Harrisonburg, Rockingham County
New home builders experienced a steady decline in new home sales between 2006 and 2010 -- dropping 78% from a peak of 186 to 41 sales in a year. Even if we use a starting…
Annual Pace of Home Sales Set to Rise in 2016
Take a look at the astonishing pace of home sales thus far in 2016. As shown above, the Jan-Sep home sales this year already exceeds the Jan-Oct home sales for the past…
Astonishingly High Home Sales in September 2016
Learn more about this month's Featured Property: 953 Greenbriar Drive I just published my monthly report on the Harrisonburg and Rockingham County real estate market…