Despite the overall decline in sales, the market is not totally lackluster
As shown above, despite a decline in the number of home sales in this area, and a tiny decline in median sales price, we may actually be seeing an increase in home values…
Fluctuating Inventory Levels by Property Type
click here for a larger version of this graph As shown above, the number of homes for sale fluctuates greatly through the year --- but the degree of fluctuations differs…
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…
Up with People, a powerful music and dance show with an international cast is coming to Harrisonburg
Don't miss this amazing show, taking place on September 18 - 20. Thursday, September 18 @ 7:00 PM Friday, September 19 @ 7:00 PM Saturday, September 20 @ 2:00 PM All…
High end home sales lagging slightly behind in 2014
Looking at high end home sales ($500K or higher) it would appear that the pace of sales in 2014 won't necessarily match that of 2013.... As shown above, home sales over…
What did buyers buy in August 2014?
I'm finding 118 properties in the MLS that went under contract in August 2014 that are either still under contract, or have closed. Here is what those 118 buyers decided…
Top 5 Articles in August 2014
Here are the articles from the past month that your peers enjoyed (read) most.... 1. Starbucks Truck Coming to JMU Campus 2. Bank Owned Properties in Harrisonburg and…
16% Increase in Contract Activity
It's the last business day of the month, so let's take a quick peek at how things are shaping up this month. As noted above, there have been 119 contracts signed thus far…
Nearly half of all sellers provide buyers with closing cost assistance
As you can see above, an increasing percentage of real estate transactions have some sort of "seller concession" -- which is usually a credit from the seller to the buyer…
62% of our home sales market is under $200K
A few fast facts for you.... 62% of our home sales market is under $200K 86% of our home sales market is under $300K 96% of our home sales market is under $400K Nothing…
Mortgage interest rates dip to lowest level of 2014
Fixed mortgage interest rates keep declining....now to their lowest level thus far in 2014. The average rate for a 30-year fixed rate mortgage is now 4.1%. If you are…
An analysis of current residential listing inventory
There are 888 active and under contract listings in Harrisonburg and Rockingham County. Here's a look at how those break down....