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Rockingham County March Market Report Comparison 2020-2019
Hannah O'Shaughnessy
As the Director of Finance & Strategic Growth, Hannah plays a crucial role in keeping our finances on track while also exploring innovative strate...
As the Director of Finance & Strategic Growth, Hannah plays a crucial role in keeping our finances on track while also exploring innovative strate...
If you’re thinking about selling your home, it's important to have a good understanding of what’s going on with the housing market but more importantly the local market itself.
There's a lot of misconception about the health of the housing market amidst the COVID-19 pandemic. Many people think we are nearing a crash like 2008, but that is simply not true. We've gathered data from March of 2019 and compared it to March of 2020 so you can see how not much has really changed. Take a look at the data below!
Months Inventory March 2020
This is a very important data point! This means that with the existing homes on the market, it would take just over 2 months for the homes to sell. Months Inventory is a measure of how fast all the existing homes on the market would last.
2.02
Months Inventory
March 2020
583
New Listings
1,374
Active Listings
65
Avg. Days on Market
370
Closed Sales
March 2019
616
New Listings
1,601
Active Listings
63
Avg. Days on Market
350
Closed Sales