Local Home Sales Are Up Year to Date

By: David Coy Email
By: David Coy Email

HARRISONBURG -- If you're on the fence on whether to buy a new house you may want to act fast. The number of houses being sold is up.

For the first time since the housing slump real estate groups are receiving positive news. More people are moving to the Valley.

Karl Waizecker with Kline May Realty said buyers are having to fight over homes.

"I think because buyers are seeing the end of low interest rates, they see the end of low prices and if they've been on the fence for a while, they've decided now's the time to jump in," said Waizecker.

Harrisonburg has seen just slighty less than a 35 percent increase in houses sold. In June, 92 homes were sold in Harrisonburg and Rockingham County. The same time last year 85 homes were sold. A difference of 8.24 percent.

Waizecker said the real estate business is starting to look like what it used to.

"Anybody connected with the real estate business has had to survive with less income from the passed several years so now that things got better, people are starting to breathe a little bit," said Waizecker.

Kline May Realty believes the rest of the summer won't be as successful as the past few months, but they're still planning on turning a few of for sale signs into sold signs.

In the area, 471 homes have been sold this year. At the same point in 2012, 386 homes had been sold. That's a difference of 22.02 percent.

Scott Rogers is the associate broker with Funkhouser Real Estate. He said interest rates are climbing but still are very low at 4.3 percent.

"This is, I think, a great thing overall for the community, for home owners in general. Because if anything it gives some predictability," said Rogers.

Rogers said in the past 41 years, only two years have seen interest rates lower than 4.5 percent.

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