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?