• Home values (sales prices) increased 69% between 2000 and 2008 in Harrisonburg and Rockingham County.
   
  
• Home values (sales prices) declined 11% between 2008 and 2011 in Harrisonburg and Rockingham County.

A few other observations....

• The majority of the increase in prices (51% out of overall 69%) happened between 2003 and 2006.
   
  
• After we essentially topped out in 2006, prices hovered around the same spot until 2008.
   
  
• We are fortunate that prices only had to come down 11% between 2008 and 2011 before they started to stabilize and start rising again.