5.5% Increase in Year Over Year Median Sales Price
Scott P. Rogers
OK -- a slightly complicated headline -- let's break that down....
Looking at home sales over the past 12 months (Sep 2016 - Aug 2017) in Harrisonburg and Rockingham County -- the median sales price was $196,500.
Looking at home sales in the 12 months before that (Sep 2015 - Aug 2016) in Harrisonburg and Rockingham County -- the median sales price was $186,250.
As such, we have seen a 5.5% year-over-year increase in the median sales price in our local area.
That is accompanied by a 3.3% year-over-year increase in the pace of home sales -- from 1244 sales/year to 1285 sales/year.
Read a lot more about our local housing market in my post from earlier this week: Housing Market Slows (but prices rise) in August 2017.
