We have seen three distinct periods of changes in the median sales price in the Harrisonburg and Rockingham real estate market...
2000 - 2006 = Growth
2007 - 2014 = Minor, Slow, Correction
2015 - 2022 = Growth
What's on everyone's mind now is... what comes next! Will we see prices continue to rise in 2023? Will they level out? Will they decline a bit?
I have no answers. ;-) I'll make some guesses next week.