Click here to download Market Update charts for 2011. Something happened in the local real estate market in 2011 that had not happened since 2005 - more homes sold than in the previous year. While the increase in activity is fairly small at 1.86%, the fact that there was an increase at all after 5 consecutive years of declining sales is very significant. Further, the year to which we are comparing 2011 sales (2010) was a year in which sales were artificially enhanced by the Homebuyer’s Tax Credit, making the seemingly small increase in 2011 look a bit more impressive. On a monthly basis, residential sales reported by the Harrisonburg-Rockingham Association of REALTORS Multiple Listing Service increased to 104 units in December, up from 82 units in November and 84 in October. Interes...
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