My Predictions for the 2021 Harrisonburg Real Estate Market Were Terribly Inaccurate

It seems I have been much too conservative in my predictions for our local housing market over the past few years. 

After a 12% increase in the number of home sales in Harrisonburg and Rockingham County during 2020, I thought we'd see a much smaller increase in 2021.  I predicted we would see 3% more home sales in 2021 than in 2020.

In actuality -- we saw 11% more home sales in 2021!  This was the second year in a row of double digit (12%, 11%) growth in the number of homes selling in the Harrisonburg and Rockingham County area via the HRAR MLS.

And how about those sales prices?  I was also terribly wrong on this prediction...

Again, we saw a big increase in 2020 -- with a 10% increase in the median sales price -- which led me to believe we'd see a smaller (4%) increase during 2021.

Not so.

The median sales price increased *another* 10% in 2021 up to $270,000 in Harrisonburg and Rockingham County.

So -- in summary -- my predictions were not at all accurate.

While 100% of the data is not recorded yet, it seems we saw an 11% increase in home sales during 2021 and a 10% increase in the median sales price!

Stay tuned for my predictions for the 2022 real estate market -- which -- might be just as inaccurate as my 2021 predictions!?  :-)