November 2012 Real Estate Market Report

Page 10

Harrisonburg & Rockingham County

Time-Adjusted Home Sales Trends :: All Homes # Home Sales, Median Sales Price in each 12 Month Period

$175,000

$175,000

$175,000

$175,000

$190,000 $175,000

$175,950

$175,000

$173,000

$174,900

$174,900

$174,900

$175,800

$175,000

$176,650

$175,650

$175,000

$175,825

Annualized Median Sales Prices

$174,250

$180,000

$179,800

$180,000

$180,000

$179,900

$178,500

$178,750

$183,950

$181,700

$183,000

$185,000

$184,000

$185,000

$185,000

$186,000

7/28/2008 3:10:30 PM

$175,575

1,500

$186,000

$187,225

2,000

$189,250

$210,000

$170,000

Annualized Home Sales

849

843

831

830

813

810

806

801

801

793

$150,000

Growth!

500

0 Nov-09

794

779

779

772

748

731

742

706

745

750

738

758

753

789

763

802

833

818

876

849

845

825

817

825

817

1,000

817

Stability!

775

d 1

November 12, 2012

$130,000

Nov-10

Increasing sales pace; stable sales prices. This graph shows a rolling 12 months of the number of home sales in the Harrisonburg and Rockingham County area, as well as the median price of the homes that sold during these time frames. Each data point is showing one year’s worth of home sales, which eliminates the volatility of

Nov-11

$110,000 Nov-12

evaluating sales figures on a month-by-month basis. After a slight dip in September, the annualized pace of home sales continues to increase, now to 849 sales per year. Median sales prices continue to stay steadily around $175,000 --- where they have been for over a year now.

Report courtesy of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group, based on information from the Harrisonburg-Rockingham Association of REALTORS (R) or its MLS, for the period 01/01/2000 through 10/31/2012.


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