Market Activity Report: Harrisonburg, Virginia

The map above may look like your weird aunt's wall, who read about sponge painting and decided to spice up the guest bedroom; however, this map is an incredibly informative way of looking for value "Hot Spots" in Harrisonburg.  From this map, we can see that the developments along 33 East and the developments along the northern 81 corridor are sporting a concentration of high value homes.  

We can also see that while the Median home value is $184,000, while compared to the median listing price of $169,000; which is 8% percent less.  The median listing price is actually up 5.7% from June of last year while the median home value is actually down 4.1%; this could mean that the market is balancing out.   I am most eager to see the average days in the system continue to drop.