The graph above shows the annualized rate of home sales in Harrisonburg and Rockingham County.

After an enormous boom (that actually started before 2004) and then a big bust, and then an attempted recovery via a federal home buyer tax credit, and then further post tax credit decline, we are finally seeing a sustained recovery in our local housing market.

Over the past two years the annual pace of home sales has climbed from 706/year up to 989/year.