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Harrisonburg Real Estate Market Report - January, 2014
Click here to download Market Update charts for January 2014.


Our relatively harsh winter has not dampened the real estate market in Harrisonburg and Rockingham County. In January 51 homes were sold, the best monthly total for January since 2008. Buyers entered into contracts on 68 residential properties in January, a fairly strong number for the winter months. In addition, leading indicators like phone calls to our office, showing appointments and web traffic on www.KlineMay.com all show a tremendous amount of Buyer activity and lead us to believe we are going to have a very busy Spring with a large number of buyers competing for relatively few homes.
Prices remained steady in January, with the 12 month average sales price dropping slightly to $198,585 while the median sales price rose slightly to $176,500. The one and three year pricing trends are:
Three year change:    Average Price down -4.93%, Median Price down -1.94%
One year change:       Average Price up +3.22%, Median Price up +2.02%
We expect upward pressure on prices throughout 2014 due to increased buyer activity and….continued low inventory. In January, the City and County markets moved in the same direction regarding inventory – down. The average ... more

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