January Posts Big Gains in Local Real Estate Market

January kicked 2020 off to a swift start in the local real estate market echoing sentiments heard from Realtors® across the region that the spring market is starting earlier and earlier in recent years.  Sold dollar volume was up 38% year-over-year, going from...

Median sales price up, inventory down at end of Q4 2019

The Virginia Realtors® released the 2019 4th quarter homes sales report highlighting a strong economy, robust real estate market, and shrinking inventory.  Access the full report and share it with your sphere! Access the 2019 4th Quarter...

2019 Was a Great Year for Local Real Estate Market

The 2019 real estate market posted significant gains in total sold dollar volume and units sold, experienced modest price appreciation, and saw seriously increased competition with low inventory and very low days on market.  The year closed out with a total sold...

NAR Real Estate Forecast: Slower Growth, Price Gains to Continue

From the National Association of Realtors Real Estate Forecast Summit on December 11, 2019…. Slower Growth, Price Gains to Continue“Real estate is on firm ground with little chance of price declines,” says NAR’s Chief Economist Lawrence Yun. “However, in order...

Cooler Weather Can’t Chill the November Real Estate Market

The real estate market posted a strong November with gains in total volume, median price, and units sold and a decrease in days on market.  Total sold dollar volume increased nearly 24%, going from approximately $120.3 million in November of 2018 to nearly $148.7...

Local Real Estate Market Remains Strong in October

The October real estate market posted a large increase in sold volume fueled by double digit rise in number of units sold.  Total sold dollar volume increased from $138 million in October of 2018 to $178.1 million in October of 2019, representing a 29% year-over-year...

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