Let's take a quick look at 1st Quarter Median Sales Prices over the past few years --- comparing Harrisonburg to the Greater Charlottesville Area.  Take a look here for the CAAR report where I derived these figures:



Take a look at the differences in these two markets:

• Over the past four years, the Charlottesville area median sales price has declined 19%, while the Harrisonburg and Rockingham County median sales price has only declined by 2% in the same time period.
• There was a $105k price difference between these markets, and now there is only a $55k price difference.

What other observations can you make, or what do you know about the performance of the Charlottesville real estate market?