Local Unemployment Rate Edges Down Below 5%
The local unemployment rate (Harrisonburg / Rockingham MSA) edged down to 4.8% in October 2014. That shows a slight decline from the several months prior -- as well as an…
Positive Long Term Trends Over The Past Six+ Months
There is a lot going on in the graph above.... This graph shows a rolling 12 months of the number of home sales in the Harrisonburg and Rockingham County area, as well as…
Harrisonburg Area Home Sales Up 2%, Prices Up 1%
Learn more about this month's Featured Property: 3339 Deavers Lane I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
Local housing market continues to rebound in October 2014
Featured Property: 4570 Magnolia Ridge Drive, Harrisonburg, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump to…
Fewer new homes selling but at higher prices (per SF)
Significantly fewer new single family homes are selling these days -- but the price per square foot of these sold homes is starting to edge upwards. The median price per…
Housing inventory levels likely to fall 20% over next 3 months
If last year is any indication, housing inventory levels will be declining by 20% over the next three months. By the end of the year, we're likely to be down to around…
September Sales Surge (+33%) Shows Continued Strength of Local Housing Market
Featured Property: 1207 Three Springs Road, McGaheysville, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump to the…
Contracts Seeming Steady in September 2014
On this, the last day of September 2014, let's take a quick look at contracts this past month as a preview of things to come. As you can see, above, there will be at…
Median Sales Prices Stable Despite 5% YTD Decline in Home Sales
Featured Property: 3273 Barrington Drive, Harrisonburg, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump to the…
Looking closer at contracts, a leading market indicator
As mentioned yesterday, July 2014 home sales hit an 82-month high, likely due in part to the large number of properties that went under contract in June 2014. Despite…
Local Home Sales Surge to 82 Month High in July 2014
Featured Property: 4105 Kaleb Drive, Penn Laird, VA 22846 I just published my monthly report on the Harrisonburg and Rockingham County real estate market and July 2014…
Local Housing Market Heats Up in June 2014
Featured Property: 7894 McGaheysville Road, Penn Laird, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market and the local…