The Townhouse Market in 2015
Scott P. Rogers
The graph above examines townhouse, duplex and condo sales in Harrisonburg and Rockingham County. As you can see, there has been quite an uptick of activity over the past few years --- an increase from 179 sales/year in 2011 to 304 in 2015. In the past year, the number of annual sales has increased by 14%.
Prices, however, have not increased over the past year. After an 11% increase in the median sales price in 2014, the median sales price did not budge in 2015 -- it stayed right at $151,750.
Read more in my Harrisonburg Year End Real Estate Market Report....
