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Harrisonburg and Rockingham County Real Estate Market Report: September 2011
We’re one-third of the way through the third quarter of 2011. Can you believe it?! Last month, we reported in the August Market Report that the gap in residential sales was closing from last year to this year (in July, the difference in YTD sales was -6%, in August it was -2%). Well, we have great news… September’s numbers are in, and that gap has closed and moved into the positive! Sales in 2011 are up 2.2% over 2010 so far. Lets take a look at some of the other stats below.
[Click any image below to view larger version]

See that statistic in the top right corner of the chart above? It says 2.2%. That is a positive number in the YTD change in residential sales over last year! We’ve seen the same number of sales occur in September as we did in August, so the YTD stat reflects a higher number of sales this September over last September. Price per square foot (or home value) is down by 7.4%, unfortunately. As of now, it rests at $101.76, whereas last year at this time, it was $109.93. This number is down because sales prices are down. Buyers aren’t having ... more

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