
The bottom dropped out of the high end housing market ($600K+) last year in Harrisonburg and Rockingham County. After 7+ sales every year between 2004 and 2011 (and as high as 22 in 2006) there were only 2 sales over $600K last year!
This year, however, the high end housing market seems to be bouncing back. There have already been three sales over $600K, and there are two more properties under contract.
That said, there are currently 21
homes for sale over $600K, so there are quite a few sellers in this market, despite the increasing number of buyers.