Sometimes I have more questions than answers.  Or more observations than explanations.

As shown above, the median sales price of homes in Rockingham County has increased 4.2% over the past year -- from $194,900 to $203,000.  During the same time frame, the median sales price of homes in the City of Harrisonburg has only increased 0.15%. 

So -- why are home prices increasing more in the County than in the City?

Perhaps it is based on what homes are actually selling in the City and County?  Maybe we are seeing larger or newer homes selling more frequently in the County, where as smaller or older homes are selling more frequently in the City?

Maybe there is more buyer demand in the County, driving prices up more quickly in the City?

Theories are welcome!  I'll let you know if I have any magical insights.
 
Until then, you can find out more about the Harrisonburg and Rockingham County real estate market by visiting....