How much are most buyers paying for homes in Harrisonburg and Rockingham County?
The most active price segment of home buyers is $300K to $400K followed by the $200K to $300K price range.
Within those two price ranges ($200K - $400K) there were 893 home sales over the past 12 months... which is 65% of all homes that were sold.
If we add in the next price range up ($400K - $500K) we find that there were 1,076 home sales... or 79% of all home sales.
Looking at the extremes...
If you're hoping to buy for less than $200K there aren't that many (3%) homes that are likely going to be available to purchase.
If you're hoping to sell for more than $800K there aren't that many (3%) buyers who are paying those prices.
Where will your next home purchase or home sale fall within these price ranges?