Harrisonburg Real Estate Market Report: October 2018 [INFOGRAPHIC]

Market Infographic October 18 | Harrisonburg Homes Team

We can’t believe it’s November already – 2018 is starting to wind down! New listings are up by 20% in October as compared to last year. In addition, the year-to-date and rolling month averages for new listings have both increased slightly as compared to last year.  However, we are seeing fewer pending sales (down 5% from last October). The average days on market is continuing to drop by 5% from last October, and 17% year-to-date. The average price per square foot is continuing to rise across the board.  The median sales price is on the upswing and comes in at $212,850 (up 9% from $196,000 last year).

If you’re looking to sell your home—this is certainly a seller’s market! As a team, we’ve closed 56 seller transactions to date in 2018. Please, if you have any questions, or are looking to put your house on the market, please contact us!

In 2018 so far we’ve helped 69 buyers find their home. If you’re interested in starting the home search, we’d be more than happy to guide you through the ins and outs of purchasing from contract to closing.

Stay tuned for more Market Trends… right here on Harrisonblog.

View our listing at 1150 Kiln Drive! This hilltop oasis offers 5 bedrooms, 4.5 bathrooms, 4907 square feet, and sits on almost three acres just outside of Harrisonburg city limits!

About Claire Wayman

Claire manages details of real estate contracts, coordinates social media and the Wilson Downtown Gallery, and keeps the team organized on a day-to-day basis. In her free time, she enjoys playing flute in various area groups and participating in local community theater.