Based on how the year is going thus far, I think we might see 1200 home sales this year. We are currently 79 home sales ahead of the 2015 pace at this time of year -- and if we add those 79 home sales to last year's 1125 home sales, we'd be just over 1200 sales for the year.
The only time we have seen more than 1200 sales in a year in Harrisonburg and Rockingham County was between 2003 and 2007 -- the infamous housing boom that lead to the dreaded housing bust.
It seems unlikely that 1200 home sales in 2016 will be a sign of another boom (and bust) on the way -- as we are seeing much slower and steadier growth now.
For even more analysis of our local housing market, check out....
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