We are halfway through 2018 already! We are seeing a significant rise in listings (29%) as compared to May 2017, as well as a slight increase from year-to-date (7%). However, sales have dropped by 19% from last May. We are seeing contracts climb by quite a bit - 27% to be exact! days on market continue to drop across the board and the average price per square foot is on a consistent upswing. The median sales price has shot up to $205,950 - 7% from 2017!
Tag: Sellers Market
Harrisonburg Real Estate Market Report: April 2018 [INFOGRAPHIC]
It feels like 2018 is flying by...how is it May already? In our current market report, new listings are up by 23% as compared to last April. When a home hits the market, it doesn't stay there for long. The average days on market has continued to drop drastically in 2018—25%—from 98 to 83. The median sales price has shot up to $203,000—7% from 2017! Read on to find out more...
Harrisonburg Real Estate Market Report: March 2018 [INFOGRAPHIC]
It's April already and we're seeing sales increase slightly from last year. However, new listings are down and falling short by 22%, as compared to last year. When a home hits the market, it doesn't stay there for long. The average days on market has continued to drop drastically in 2018—26%—from 112 to 83. Read on to find out more...
Harrisonburg Real Estate Market Report: February 2018 [INFOGRAPHIC]
The buzzword in 2018 so far has been low inventory. New listings are down from last year by 13%, and when a house hits the market, it doesn't stay there for long. The average days on market has dropped a drastic 35% - from 131 to 85. Sales have increased by 16% and the average price per square foot continues to improve. Read on to find out more...
Harrisonburg Real Estate Market Report: January 2018 [INFOGRAPHIC]
We've started out 2018 with slightly fewer sales - but the price per square foot and median sales price have increased. Also, the new listings have increased since last January. Read on to find out more about the residential market report for Harrisonburg and Rockingham, and see our featured listing at 309 Woodbridge Drive in Elkton!
Harrisonburg Real Estate Market Report: Full Year 2017 [INFOGRAPHIC]
Here we are again - another year of Real Estate under our belts! This year we've had low inventory, but the days on market have dropped significantly and the prices have risen! Read on for our full year 2017 market report and a chance to checkout our featured listing at 166 Deer Drive in Massanutten!