Column by Scott Rogers
www.harrisonburghousingreport.com
January 2010 sales (45) topped January 2009 sales (38). Furthermore, each of the preceding three months (Oct ’09, Nov ’09 and Dec ’09) showed equal or greater home sales than the same month in 2008.
Could it be that the pace of our local real estate market is finally picking up again?
As a further indicator, the graph below shows a running 12 months of home sales since 2004. The most recent data point shows Feb ’09 through Jan ’10, the data point prior shows Jan ’09 through Dec ’09, etc. Each data point includes every month of the year, allowing for a normalized look at the activity in our local housing market.
As can be seen, this metric has been falling since 2006, but over the past several months seems to have stabilized and started to increase again.
Read more about our local housing market by downloading the full February 2010 Harrisonburg & Rockingham County Real Estate Market Report.
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