The single family home market in Harrisonburg and Rockingham County told two two different stories last year (2015), depending on whether we were evaluating the price or pace of home sales.  This past year (2015) marked the third year in a row with between 810 and 820 home sales -- so, virtually no change in the pace of home sales.  Over the past year, however, the median sales price of single family homes increased by 5% to $200,000 -- which is the first time we have seen a $200K or higher median sales price since 2005-2009. It is encouraging that sales prices are increasing even without substantial increases in the number of home sales.
 
Read more in my Harrisonburg Year End Real Estate Market Report....