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Market Statistics 2017-06-12T14:33:49+00:00

Virginia Home Sales Report

According to the April 2017 Home Sales Report released by the Virginia REALTORS®, the statewide residential real estate market indicates conditions increasingly favorable to sellers. Reflecting inventory constraints, year-over-year transactions remained static, but rising price and sharply declining average days on the market illustrate high demand and intense buyer motivation. Year-over-year, the number of transactions in April declined by 3.6 percent (from 10,209 in 2016 to 9,844 in 2017). Limited inventory accounted for the contracting sales. Typically, pace increases each month from the beginning of the calendar year through the summer, but sales were flat from March to April 2017, varying only one tenth of a percent (from 9,858 in March 2017).

Read the full report here.

PWAR Market Statistics