Harrisonburg Area Real Estate Market Report: November 2009

The stats are in! November came to a close a week ago, so it is time for the monthly Harrisonburg Area Real Estate Market Report. This November has shown an upswing in sales compared to last year at this time, which is great news for the local economy. As you’ll see in the chart below, the average sales prices are still lower than November of last year, but the number of sales has almost doubled! We’ve also seen an increase in the average list per sold percentage, which means more homes are actually selling, rather than just coming off the market without a sale.

Below are the year-to-date statistics, which show us, again, that most numbers are down from last year at this time, but the negative percentages are small — very small — relative to the rest of the country, and many other parts of Virginia. In the months to come, it would be nice to see those percentages reach zero, and then positive figures soon after that!

If you are interested in sales data grouped by price range, we have that covered! 63% of home sales in Harrisonburg and Rockingham County were in the $100,000 – $200,000 price range for November of 2009. 53% of home sales were in that same price range for the previous 12 months. This is no surprise, as there are a plethora of homes in our area in the upper $100’s — Westfield, Beacon Hill, Liberty Square, Avalon Woods, and Cloverdale Estates are just a few neighborhoods in this price range.

As we’ve said before, we’re experiencing recovery in our real estate market, which will only spur on the rest of the economy to recovery as well. We look forward to finishing out 2009 strong, and moving on into 2010!

About Lisa Oates

Lisa is the creative mind behind The Harrisonburg Homes Team, providing streamlined content management, quality authorship, and graphic design for Harrisonblog. She's passionate about blogging, enjoying life, and a good cup of coffee.