The End Of Double Digit Growth In Median Sales Prices, At Least For Now
Scott P. Rogers
Looking back over the past 24 years, there have been two multi-year periods of rapid increases in the median sales price in Harrisonburg and Rockingham County...
2004 through 2006
- 2004 = 17%
- 2005 = 14%
- 2006 = 14%
This 2004 through 2006 timeframe was followed by eight years of no change or slight decreases in the median sales price.
2020 through 2023
- 2020 = 10%
- 2021 = 10%
- 2022 = 10%
- 2023 = 11%
All we know so far is that this 2020 through 2023 timeframe has been followed by one year (2024) of a slower but still significant (+5%) increase in the median sales price.
