25 Years of Harrisonburg Area Median Home Sales Price
Scott P. Rogers
Looking back over 25 years (above) we find the following types of trajectories in the median sales price in Harrisonburg and Rockingham County...
GRAY = 2% to 7% annual increase
RED = 8% or higher annual increase
BLUE = 1% annual increase, or no change, or annual decrease
And now, the question at hand... what will the next 1 to 5 years look like when it comes to our median sales price?
After four solid years of a red hot market (8% or more) between 2020 and 2023 we have now seen two years of moderate increases in 2024 and thus far in 2025.
My best guess is that we will see a prolonged spell of moderate (gray, 2% to 7%) increases in the median sales price.
Your thoughts?
