It should be noted, perhaps with some fanfare, that in 2017, the median sales price in Harrisonburg and Rockingham County finally surpassed the prior peak seen in 2007.
Yes, that 2007, the one after a rapid run up of sales prices as a result of a largely nationwide real estate BOOM, followed thereafter by a decline in sales prices, at different speeds in different areas.
But now, in 2017 -- ten years later (!!!!) -- we finally hit a median sales price of $198,500 -- slightly edging out that previous high of $195,100 seen in 2007.
Thank goodness. Now, folks who bought in 2006, 2007 or 2008 might finally not be underwater based on their original purchase price.
It's been a long time coming....
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