The population of Harrisonburg and Rockingham County is
increasing.
If we take the average of 2000 and 2001 home sales as a baseline portion of the population to be buying in any given year, and then we project forward based on actual population growth, we can conclude that....
- More people than usual bought between 2001 and 2007. (housing boom)
- Fewer people than usual bought between 2008 and 2013. (housing bust, and then recovery)
- There is further room for growth in the number of buyers per year in Harrisonburg and Rockingham County.
Based on the data presented above, I believe the new "usual" number of people to be buying per year may be around 1,150 home sales -- which is still a decent amount of growth beyond the number of home sales (1,013) seen in 2013.
And here is the data behind the graph....
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