Let's take a quick look at 1st Quarter Median Sales Prices over the past few years --- comparing Harrisonburg to the Greater Charlottesville Area. Take a look
here for the CAAR report where I derived these figures:
Take a look at the differences in these two markets:- Over the past four years, the Charlottesville area median sales price has declined 19%, while the Harrisonburg and Rockingham County median sales price has only declined by 2% in the same time period.
- There was a $105k price difference between these markets, and now there is only a $55k price difference.
What other observations can you make, or what do you know about the performance of the Charlottesville real estate market?
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