The Virginia Association of Realtors just published their first quarter home sales report (available here as a 6.65MB PDF).  Let's take a look at how Harrisonburg and Rockingham County (encompassed in the "Central Valley" region) are doing.....



As you can see above, the Central Valley had a 6.5% increase in home sales in 2011-Q1 as compared to 2010-Q1.  While we haven't yet seen such an increase in Harrisonburg and Rockingham County, it is a positive sign that our region is performing well overall. 



Above you will note that the median sales price declined in every region of the state during 2011-Q1, as compared to 2010-Q1.  After Northern Virginia's negligible decrease (-0.3%) the best performing region was the Central Valley, which includes Harrisonburg and Rockingham County, with only a 4.9% decline.

See a few more explanations of VAR's First Quarter Home Sales Report here, or download the full PDF of the report here.