Rockingham County~Market report April 08 to April 09

Inventory is down, which is a good thing to say, closings are also down (not so good) but  pendings are up. Typically it takes 6-8 weeks to close on a home once it goes under agreement.  Last month’s Rockingham County report showed an increase in both solds and pendings and we should see those homes close and be reflected in next months report. This chart compares April 2008 to April 2009.