Can you believe 2012 is coming to a close already? We’re almost half-way through December, and soon we’ll be ringing in the new year! This year has been nice for the local real estate market. Perfect? Excellent? The Best? No. But nice, yes. Residential contracts have been strong throughout the...
Market Trends
Existing Home Sales on the Rise, Locally and Nationally
If you are a fervent follower of this blog, you already know that residential real estate sales have been climbing this year compared to last, and that prices have risen slightly and remain stable. In fact, our latest Market Report showed a 9.0% increase in sales, and a 1.0% rise...
Harrisonburg Area Real Estate Market Report: October 2012
Fall is such an invigorating time in the Shenandoah Valley. There are always an abundance of fun events happening — apple festivals, halloween parties, pie baking contests, craft fairs — and the overall mood in the area is pleasant. The local real estate market has felt equally as pleasant this...
Harrisonburg Area Real Estate Market Report: September 2012
Autumn is officially here, and we are blessed to live in the Shenandoah Valley, where the vibrant colors pop along the mountains and the temperatures drop to a cool 50 – 60 degrees, with an occasional warm afternoon. The local real estate market typically dips during the fall months in...
Harrisonburg Area Real Estate Market Report: August 2012
August real estate sales, both locally and nationwide, typically taper off after the rush of spring and summer and segue into the even slower fall months. We view August as sort of a transition month… usually. This year, however, we’re seeing a slightly different trend. Contracts are up, sales are...
Are Buyers Demanding New Homes in the Harrisonburg Area?
Realtor Magazine just published an article titled “Buyer Demand Grows for New Homes.” In it, they explained that new-home sales are on the rise, and that inventory for new construction is dwindling on a national level. This got us thinking about the new-home market in Harrisonburg. There are currently 47...