Over the past few years, we've seen a notable decline in the number of land sales -- specifically for lots of 2 acres or more -- in Harrisonburg and Rockingham County. 

In 2023, there were 63 sales of 2+ acre lots in the area. That number declined to 46 sales in 2024. And so far in 2025, only 36 such lots have sold -- with just two (of the slower) months left in the year.

Breaking it down further:

Lots between 2 and 20 acres:

• 2023: 46 sales
• 2024: 28 sales
• 2025 (year-to-date): 24 sales

Lots over 20 acres:

• 2023: 17 sales
• 2024: 18 sales
• 2025 (year-to-date): 12 sales

While the number of large acreage sales (20+ acres) has held relatively steady, it's the 2-20 acre range where we've seen the most significant decline. These are often lots purchased by individuals or families looking to build their future home -- and that may help explain the trend.

With construction costs remaining high and mortgage interest rates elevated, buying land and building a custom home has become less financially feasible for many. As a result, some would-be buyers may be delaying their plans or choosing to purchase existing homes instead.

It's worth watching to see if these numbers shift in 2026 -- especially if interest rates begin to ease and building becomes more affordable again.