Submitted by Andrew Kantor on October 24, 2012
The Third Quarter Virginia Home Sales Report has been released and yet again, most state-wide indicators show an improved housing market in the Commonwealth.
As shown in the graph below, the pace of home sales in the 3rd Quarter of 2012 (24,331) marked a 6% improvement over the same quarter last year (22,995). Furthermore….
- Virginia’s median sales price increased 5.5% in 2012-Q3
- Virginia’s total sales volume increased 9.8% in 2012-Q3.
- Virginia’s average days on market decreased 12% in 2012-Q3.