Last month we were pretty excited about the number of sales growing quite steadily throughout 2014. However, the percentage of sales compared to last year in July was -3.1%, and now it has dropped again to -4.3%. Don’t lose hope, though, because August is known for its slow-down. Folks get...
Market Trends
Harrisonburg Area Real Estate Market Report: July 2014
If you’ve been reading our Market Reports ritually throughout 2014, you’ve probably noticed a trend in sales. Although sales are down this year overall compared to last year, the rate at which they are gaining ground to the “zero” market (breaking even with last year) is quite remarkable. Each month, the...
Harrisonburg Area Real Estate Market Report: June 2014
This year started out pretty sluggish in our local real estate market, but June has helped to pick up speed with a major rise in contracts written, an increase in sales for several months in a row, and steadily increasing sales prices. The biggest highlight right now, though, is a...
Harrisonburg Area Real Estate Market Report: May 2014
Remember in April when we reported on the current slump in the local real estate market? Well, May has shown a slight bit of hope for Harrisonburg and Rockingham County. Although sales fell year-to-date, we’ve seen an increase in sales for three months in a row. Other positives: increase in...
Harrisonburg Area Real Estate Market Report: April 2014
Typically in the Harrisonburg real estate market, April shows us pretty positive numbers, but this year has shown us that not every April is appealing. Every market experiences ebbs and flows, and it seems Harrisonburg and Rockingham County are caught in a bit of a slump at the moment. Read...
Harrisonburg Area Real Estate Market Report: March 2014
That lengthy Valley winter took a toll on the local real estate market. However, we’re now well into April — AKA springtime — AKA busy real estate season — and we’re grateful for the busyness! Take a look at how March fared. Keep in mind that March this year was...