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After a weird dip last year, land is back to selling for around $14K per acre

Price Per Acre

I'll take a look at how these prices per acre vary within different acreage ranges soon -- but for now, know that all 1+ acre lots that are selling in Harrisonburg and Rockingham County are selling at a median of $14,025 per acre.  Last year's median of $9,932 was an odd departure from the previous several years.
 

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Home Price Gains in the Context of Inflation

There are lots of ways to evaluate home prices in our area these days based on the data set that we select... All home sales Just detached home sales Just resale homes…