Six months into 2012, local housing market shows signs of steady improvement
BREAKING NEWS -- six months into 2012, home sales are up, prices are up, inventory is down, and mortgage interest rates are down! All of this spells good news for the…
Buying choices continue to shrink in the Harrisonburg area
As mentioned in the Daily News Record today, the number of homes for sale keeps declining. Current inventory levels are down 14% (see the graph above) from one year ago…
Strong spring contract figures point to continued strength in local home sales market
Take a look at the past four months of contracts (356) --- marking a 6% increase over the same four months of 2011. With the pace of home sales up 6% over this time last…
Are sales prices about to head back up?
Are home prices (finally) ready to head back up? I think we're getting closer to price recovery, but do bear in mind that: This is the first month we've seen this upward…
June 2012 Housing Market Update: Sales Up 6%, Prices Up 7%
The Harrisonburg and Rockingham County home sales market is roaring through 2012 through, likely due to low mortgage interest rates and low local unemployment levels…
Harrisonburg, Rockingham County housing market continues to gradually improve with home sales up 2%, prices up 4%
Many aspects of the local housing market have improved over the past year, and there are signs that this gradual recovery will continue. As shown above, most market…
Harrisonburg housing market shows continued signs of improvement in March 2012
Harrisonburg and Rockingham County home sales were at a four year high during March 2012, and for the entire first quarter of 2012. Click here to jump to the PDF of the…
Yes, this is a buyers market, but you still will not be able to steal a house.
I certainly think buyers should be able to get a good deal on a house in the current market -- after all, there are more sellers than buyers in the market. And maybe…
Local housing inventory hits four year low
Yes, you heard me correctly -- there are fewer homes on the market than we have seen anytime in the past four years. The inventory data above is current as of a few days…
Home sales and median prices on the rise in Harrisonburg, Rockingham County
Good news! With two months of 2012 under our belts, our local housing market is showing signs of continued stability and growth. Click here to jump to the PDF of the full…
Local housing market stable in January 2012
Our local housing market remained relatively stable in January 2012, showing some indicators that we will continue the new trend we saw in 2011. To remind you..... In…
January 2012 - typical sales, strong contracts
In a few day I'll be releasing my full monthly market report. Until then, you might find the following quick stats interesting..... January 2012 home sales = 39 January…