A few days ago
I compared the Harrisonburg and Rockingham County real estate market to our neighbors north, south and east of us. Now, let's see how we stack up to the state as a whole. The following data comes from the
Virginia Association of Realtors 2009 year end market report.
As you can see above, home sales in Virginia (overall), have started picking back up again --- with a 2% increase between 2008 and 2009. Harrisonburg and Rockingham County witnessed another 13% drop in the number of home sales between 2008 and 2009.
This graph is rather interesting -- Virginia and Harrisonburg and Rockingham County both witnessed roughly a 5% decline between 2008 and 2009. Harrisonburg and Rockingham County, however, have seen rather level prices for the past several years while the Virginia median price has actually had a decent increase during that time frame.
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