broadway va homes for sale: Harrisonburg Real Estate Market Report - November, 2014 - 12/08/14 12:45 AM
Click here to download Market Update charts for November 2014.
As colder weather and holiday planning arrived in November, our area’s typical slowing of the real estate market began. The Harrisonburg-Rockingham Association of Realtors® Multiple Listing Service (HRAR MLS) recorded 65 residential sales in November. This is a significant, but expected, drop from the past six months in which monthly totals consistently exceeded 100 sales. Not to fear, though, this is normal for November, and YTD sales are ahead of last year. Some highlights from the month are:

The 65 residential sales in November increased the annual total so … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - October, 2014 - 11/10/14 10:19 AM
Click here to download Market Update charts for October 2014.
October brought nice weather, beautiful Fall colors and a continuingly strong real estate market to Harrisonburg and Rockingham County. At a time of year when sales historically slow down (see our sales by month chart in this report), our market continued at more of a “summer” pace, recording the sixth consecutive month with over 100 residential sales. As interest rates remain low and local inventory of homes for sale at higher levels than the past few years, Buyers are continuing to take advantage of good market conditions. Some highlights form … (1 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - September, 2014 - 10/08/14 12:48 AM
Click here to download Market Update charts for September 2014.
As Summer winds down and we head towards Fall, we expect a seasonal slowing down in residential real estate sales. In September, however, Harrisonburg and Rockingham County recorded 106 residential sales (as reported by the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service) – an increase over Augusts’ 101 sales! Now, this doesn’t mean the top has blown off the local real estate market, but it is encouraging to see steady activity continue through September. Here are a few other highlights:

Regular readers of this report know total sales Year-to-Date … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - July, 2014 - 08/11/14 04:08 AM
Click here to download Market Update charts for July 2014.
Wow, July was an amazing month for the local real estate market! Here are a few highlights:

There were 120 residential sales in Harrisonburg and Rockingham County in the month of July, the highest monthly total since August of 2007.July’s sales continued a recent trend of very high activity after a much slower than normal first quarter. After being over 20% behind last year’s sales at the end of March, the year-over-year deficit has been reduced to 3.9%. Buyers and Sellers ratified new contracts on 112 properties in July. … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - May, 2014 - 06/09/14 12:44 AM
Click here to download Market Update charts for May 2014.


Well, it seems our local real estate market has finally shaken off the effects of the winter of 2013 – 14. While we cannot say for certain that the winter weather was the cause for our surprisingly slow start to the year, if we take a look at the Residential Sales per Month chart we can see a dramatic difference in sales as soon as the warmer weather appeared. The residential sales total of 99 units in May, in fact, surpassed last May’s total of 96 and is … (1 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - February, 2014 - 03/13/14 05:44 AM
Click here to download Market Update charts for February 2014.


Last month I began this report by saying it appeared the harsh winter had not dampened the local real estate market…it appears another month of harsh weather has made a liar out of me! February was another fairly slow month with 51 residential closings, and sales for the first two months of this year are running slightly behind last year (103 vs. 114). Interestingly, Buyer “activity” (phone calls, showing appointments, web traffic) has been strong throughout the past couple of months, particularly on the internet. Our company website, … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - January, 2014 - 02/14/14 04:26 AM
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 … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - December, 2013 - 01/10/14 03:44 AM
Click here to download Market Update charts for December 2013.


2013 was a very good year for the Harrisonburg area real estate market in many respects. There were 1013 residential sales for the year in Harrisonburg and Rockingham County, as reported by the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service. The year’s total sales represent a 17% increase over 2012, the best annual total since 2007, and the third consecutive year of increased sales.
The month of December was also strong, with 87 sales, recovering from November’s low numbers (possibly driven by the effect of the federal … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - August, 2013 - 09/06/13 01:30 AM
Click here to download Market Update charts for August 2013.


August 2013 has proven to be, by one home, the best month of the year for home sales in Harrisonburg and Rockingham County. According to the Harrisonburg-Rockingham Association of Realtors® Multiple Listing Service 109 homes sold in August, surpassing July’s total of 108. In fact, homes sales have averaged over 100 per month for the past five months – something that hasn’t happened since 2007, and the year-to-date total of 695 home sales is the best since 2007. Further encouraging news is contract activity remained strong in August, … (1 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - July, 2013 - 08/08/13 03:49 AM
Click here to download Market Update charts for July 2013.


When campaigning for the 1920 Presidential election Warren G. Harding famously promised a “return to normalcy”, meaning Americans would return to the life they knew before World War I. While the real estate downturn of the past several years does not compare to a World War, I think the same phrase is an appropriate description of what is happening in our local real estate market - we are seeing the return to normalcy. Compared to the past 5 years, not only are more homes selling but they are … (1 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - April, 2013 - 05/09/13 02:49 AM
Click here to download Market Update charts for April 2013.


The market is back! April, 2013 saw more residential sales in Harrisonburg and Rockingham County than any month in the past several years, with the exception of June, 2010 (the Homebuyer Tax Credit deadline). Short and long term sales trend are heading in the right direction and the continued low inventory is bringing down average Days on Market and the supply of homes relative to the pace of sales.
April’s 97 sales represent a dramatic increase over prior months and the April totals of prior years. Similarly, … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - March, 2013 - 04/15/13 07:36 AM
Click here to download Market Update charts for March 2013.


March brought more encouraging news for the 2013 Harrisonburg / Rockingham County real estate market. Short and long term sales trend are heading in the right direction and the continued low inventory is bringing down average Days on Market and the supply of homes relative to the pace of sales.
In March, 67 residential units sold in Harrisonburg and Rockingham County, according to the Harrisonburg Rockingham Association of REALTORS Multiple Listing Service (HRAR MLS), the highest March total since 2008. Similarly, the first quarter of 2013 saw … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - February, 2013 - 03/11/13 04:58 AM
Click here to download Market Update charts for February 2013..


February continued the very encouraging trend in our local real estate market. The Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS) reports significantly higher sales and contract numbers than have been seen at this time of year in the recent past. During February, 65 residential properties sold in Harrisonburg and Rockingham County, far above the prior four February’s average of 46. The year to date total as of February 28 is also the highest since 2007 at 112 units, compared to 78 in each of the past … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - January, 2013 - 02/19/13 09:34 PM
Click here to download Market Update charts for January 2013..


The positive trends in the Harrisonburg and Rockingham County real estate market continued in January with strong sales, new contracts and buyer activity. The Harrisonburg-Rockingham Association of REALTORS reported 47 residential sales in Harrisonburg and Rockingham County in January, the highest January total since January, 2008. In addition, buyers placed contracts on 76 residential properties – the highest January total since January, 2007.
This strong buyer activity in our market is a clear indicator of returning consumer confidence in real estate and the unleashing of the demand … (0 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - December, 2012 - 01/14/13 01:06 AM
Click here to download Market Update charts for December 2012..


While closed residential sales slipped to 56 in the month of December, 2012 finished with 864 sales representing an 8.8% increase over 2011’s total of 794 sales and a higher total than 2010 (758 units) and 2009 (818 units) as well.  In addition to an increasing pace of sales, it appears the long, slow decline in home prices is over.  The average and median sales prices remained essentially flat in 2012.  The average sales price was $193,484, a 0.81% decline from the 2011 average of $195,068. The median … (2 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - October, 2012 - 11/08/12 09:38 PM
Click here to download Market Update charts for Octobe 2012. Another good month for the local real estate market in October, with positive indicators in several areas, confirms our belief the market recovery has been underway for several months and all signs bode well for an even stronger market in 2013. The Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS) recorded 74 residential sales in Harrisonburg and Rockingham County in October. This represents a 10.4 percent rebound from September’s total of 67 sales (the lowest monthly total this year since March) and totals the most October sales in several years. … (1 comments)

broadway va homes for sale: Harrisonburg Real Estate Market Report - August, 2012 - 09/14/12 04:57 AM
Click here to download Market Update charts for August 2012.


August’s slightly surprising 92 residential sales in Harrisonburg and Rockingham County, as reported by the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS), continued this year’s strong sales trend with only two fewer sales than the strongest month of the year (July) and Year-To-Date, sales are up 9.39% over 2011. Further good news is the continued strong buyer activity and contracts in process indicate strong sales for at least the next couple of months, surpassing typical Fall sales figures. Finally, the 12-month sales trend continues to climb … (0 comments)

broadway va homes for sale: Kline May Company surpasses $100 million in sales volume - 09/26/11 03:43 AM
Kline May Company, holding company for Kline May Realty and Cottonwood Commercial Realty, has passed $100 Million in sales volume for 2011 as measured by the Harrisonburg-Rockingham Association of Realtors (HRAR). Kline May Company has reached this milestone 72 days ahead of their 2010 sales volume pace, a positive sign for both the company and our local real estate market. Keith May, owner of Kline May Company, commented "We have over 70 agents and staff who are committed to helping our residential and commercial clients by providing the best service possible. We focus on each client, and at the end of … (0 comments)