As I see it, the real estate market in Harrisonburg and Rockingham County is currently in a state of flux, changing from the hot, run-away seller's market of less than a year ago to a more stable, "normal" market, if there is such a thing.  A perfunctory scan of the MLS indicates this to me.  For example, each day, new listings outnumber sold listings, but not  by a substantial number, maybe 10 to 20 percent.  This is giving us a comfortable inventory to offer prospective buyers, yet not a "flooding the market" surplus.  Sold listings seem to be selling pretty close to their listing prices and appear, for the most part, to be selling in less than 120 days.  This indicates to me that a good listing price supported by a careful comparative market analysis will find a buyer within a reasonable time.  Prices are still going up over year ago levels for comparable homes, but not at the torrid pace of a year ago.  Harrisonburg and Rockingham County is not a "cyclical" economy as the term is typically understood.  The predominant employers are either higher education providers or food producers and processors.  These two industries tend to not be affected greatly by swings in the economy.  This has a profound effect on our market here, giving it stability.  For more information on this market, go to my website http://www.roger4realty.com .