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Virginia housing market off to strong start in 2021

Virginia housing market off to strong start in 2021 Published Thursday, Feb. 18, 2021, 9:36 am Join AFP s 100,000+ followers on Facebook Purchase a subscription to AFP | Subscribe to AFP podcasts on iTunes News, press releases, letters to the editor: augustafreepress2@gmail.com ® on Thursday shows a strong start to Virginia’s housing market in 2021. There were 8,806 home sales in Virginia in January, which is more than 2,000 more sales than January 2020, an increase of 31.1 percent. The median home sales price statewide was $315,000 in January, up 12.5 percent from a year ago. This is the sixth consecutive month of double-digit price increases, a trend which has occurred across most regions in Virginia.

Virginia 2020 home sales up nearly 11 percent over 2019

Virginia 2020 home sales up nearly 11 percent over 2019 Published Thursday, Jan. 21, 2021, 10:47 am Join AFP s 100,000+ followers on Facebook Purchase a subscription to AFP | Subscribe to AFP podcasts on iTunes News, press releases, letters to the editor: augustafreepress2@gmail.com (© WavebreakMediaMicro – stock.adobe.com) The December Home Sales Report released by Virginia REALTORS® on Thursday showed a surging housing market in the second half of 2020. The surge resulted in a 10.8 percent increase in home sales year over year from 2019 – the fastest growth in annual sales transactions in the Commonwealth in more than five years. Sales activity in the final quarter of 2020 was significant compared to recent years. Home sales activity gained steam throughout the fall and into the winter months when transactions typically tend to slow. In December, there was a total of 12,525 home sales in Virginia, 32.4 percent higher than a year ago.

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