Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Wednesday, July 23, 2025
Median Sales Price
Looking back over 25 years (above) we find the following types of trajectories in the median sales price in Harrisonburg and Rockingham County...

GRAY = 2% to 7% annual increase

RED = 8% or higher annual increase 

BLUE = 1% annual increase, or no change, or annual decrease

And now, the question at hand... what will the next 1 to 5 years look like when it comes to our median sales price?

After four solid years of a red hot market (8% or more) between 2020 and 2023 we have now seen two years of moderate increases in 2024 and thus far in 2025.

My best guess is that we will see a prolonged spell of moderate (gray, 2% to 7%) increases in the median sales price.

Your thoughts?