HARRISONBURG HOMEOWNER
  • Blog
  • Sell a Home
  • Find a Home
    • Buying Guide
    • New Listings
  • Contact
  • Lakewood Estates
    • Active Listings
    • Plats and Covenants
  • Kiva Program

Market Report: May 2015

6/17/2015

0 Comments

 
When looking over the statistics for the sales in May 2015, one could conclude that the market is slowing down.  However, I would argue that this would be an excellent time to list your home.  Here are some important factors to consider:

  • 2014 had a slow start to the selling season possibly attributed to the late snowy weather. 
  • Inventory is down, as we continue to see properties coming on the market the pace of sales may pick back up. 
  • The year to date contracts and sales are still higher than 2014.  
  • The year to date and the May median sales price has gone up significantly when compared to 2014.


Highlights
  • Median sales price jumped 15% when comparing May 2014 and May 2015.
  • At the end of May 2015 the total number of sales is 8% higher than at the end of May 2014.
  • The inventory is down by 3% when compared to this time last year. 
Picture
  • May 2015 home sales were down 1% when compared to  May of 2014.
  • May 2015 home sales are up 11% when compared to May of 2013.
Picture
  • Median sales price jumped 15% when comparing May 2014 and May 2015.
Picture
  • May 2015 median days on the market is up 18% when compared to May of 2014.
Picture
  • At the end of May 2015 the total number of sales is 8% higher than at the end of May 2014.
Picture
  • At the end of May 2015 the median sales price is up 10% when compared to the end of May in 2014.
Picture
  • The year to date time on the market has gone down by 1% when compared to this time last year. 
Picture
  • The inventory is down by 3% when compared to this time last year. 
Picture
  • The number of contracts in 2015 is down 16% as compared to May of 2014.
Picture
  • The 2015 annual pace of contracts is up 11% when compared to 2014.
0 Comments



Leave a Reply.

    RSS Feed

    Categories

    All
    Appraisal
    Association Fee
    Backyard Fire
    Bank Owned Homes
    Best Of Harrisonburg
    Best Of The Valley
    Bidding War
    Broadway
    Bubble
    Buyer Profiles
    Buying
    Cash
    Closing Costs
    Commercial
    Coronavirus
    Deferral
    Depreciation
    Development
    Down Payment
    Featured Listings
    First Time Homebuyer
    Flipping Real Estate
    Forbearance
    FSBO
    Getting Ready To List
    GIS
    Harrisonburg
    Home Inspection
    Home Preperation
    Inventory
    Investment
    JMU
    Key Terms
    Kitchen
    Land
    Loan Commitment
    Local Guide
    Map
    Marketing
    Market Report
    Massanutten
    Mortgage
    Moving
    National Statistics
    Negotiations
    New Construction
    Office
    Organizing
    Penn Laird
    PMI
    Preston Lake
    Recasting
    Refinance
    REI
    Relocation
    Remodeling
    Rental
    Rockingham
    Safety
    Sales Forecast
    School District
    Search
    Sellers Market
    Selling
    Settlement
    Staging
    Tax
    Timberville
    Title Insurance
    Township
    TRID
    Utility Costs
    Utilty
    Video
    Virtual Reality
    Weekly Report
    Zillow

Picture
Picture
Email - Click Here
Phone - 540-246-9067
Website - www.mattiasclymer.com
​Schedule a Showing, Meeting, Etc...

Funkhouser Real Estate Group  |  401 University Boulevard, Harrisonburg, VA 22801  |  540-434-2400  |  ©2021  |  Privacy Policy  |  All rights reserved.

Licensed in the Commonwealth of Virginia
  • Blog
  • Sell a Home
  • Find a Home
    • Buying Guide
    • New Listings
  • Contact
  • Lakewood Estates
    • Active Listings
    • Plats and Covenants
  • Kiva Program