Median Sales Price Poised To Increase 3% in Harrisonburg, Rockingham County in 2017

With 11 out of 12 precincts reporting -- wait, no, that was earlier this week --

With 11 out of 12 months behind us this year, it seems that the median sales price of residential properties (single family homes, duplexes, townhomes, condominiums) will have increased by 3% in 2017 to $198,000.

A bit more context, not shown above....

• 2002 = $123K
• 2006 = $193K  (quite an increase over four years)
  
• 2008 = $195K  (still holding, despite market adjustments)
• 2011 = $170K  (quite a drop in three years)
• 2017 = $198K  (a slow, six year climb)

So -- we might finish the year with the highest median sales price seen anytime in the past fifteen years -- and ultimately, the highest median sales price, ever, in Harrisonburg, Rockingham County.

Read more about our local housing market via my market report published yesterday....