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Va. housing market dampens in March
The pace of sales in Virginia’s housing market slowed in March, declining 7.3% over March 2023, according to data released by Virginia Realtors Tuesday. In March, there were 8,075 home sales in the commonwealth, 634 fewer sales than this time last year. At the end of the month, there were 14,950 homes on the market, […]
Va. housing market picks up in February
The pace of sales in Virginia’s housing market picked up in February, increasing 3.5% over February 2023, according to Virginia Realtors data released Tuesday. In February, there were 6,733 home sales in the commonwealth, 228 more sales than this time last year. At the end of the month, there were 16,004 homes on the market, […]
Va. real estate industry weighs in on $418M Realtors settlement
UPDATED MARCH 21, 2 P.M. A landmark, $418 million proposed court settlement from the National Association of Realtors over allegations of a conspiracy to boost agent commissions could have seismic implications for the residential real estate industry, with some national experts going so far as to call it one of the biggest changes to the […]
Va. housing market off to slow start in 2024
The housing market in Virginia had a relatively slow start in 2024, according to January data released Feb. 23 by Virginia Realtors. In January, 5,640 homes sold in the state, only 31 more sales than January 2023. Overall in 2023, Virginia home sales dropped 20% compared with 2022 and were the lowest the market had […]
Home sales slowed in 2023 and in final month of year
Home sales in Virginia dropped 20% last year, compared with 2022, and were the lowest the market had seen since 2014, according to new data released Tuesday by Virginia Realtors. Across Virginia, 98,464 homes sold in 2023, which is 24,780 fewer than the number of sales in 2022. Nine out of every 10 counties and […]
September Va. housing market slowest in over a decade
Virginia’s housing market last month was the slowest September the state has had in more than a decade, according to a Virginia Realtors report released Friday. Virginia home sales in September dropped 21.1% from the same month last year. Home sales totaled 8,023 last month, down 2,149 home sales compared with September 2022. The September […]
Real Estate 2023: TERRIE L. SUIT
When Suit started her career, she worked for a builder, then became a Realtor and later a mortgage loan officer. Today, after serving as the state’s first secretary of Veterans Affairs and Homeland Security, as well as a Republican state delegate for eight years, Suit now leads Virginia’s largest trade association. She advocates for 38,000 […]
Low inventory, high interest rates strap Va. housing market
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings are coming on the market. Despite a brief uptick in inventory at the beginning the year, about 67% of the state’s counties and cities had […]
Va. spring housing market has slow start
Virginia’s residential real estate market is off to a slow start this spring. Virginia home sales in March dropped 24% from March 2022, marking the 16th consecutive month of declining sales, and the median sales price dropped year-over-year for the first time in seven years, according to a Virginia Realtors report released Thursday. Virginia home […]
Va. home sales down 20% from a year ago
Virginia home sales were down 20.3% in February compared with the same month last year, marking the 15th consecutive month of declining sales, according to a Virginia Realtors report released March 21. Home sales in the commonwealth last month totaled 6,505, a decrease of 1,655 sales from February 2022. The Northern Neck and parts of […]
2023 housing market off to slow start
Virginia home sales were off to a slow start in 2023, with a 30% decline in January from a year ago, or 2,454 fewer sales, according to data released in February by Virginia Realtors. Across the state, 5,609 homes were sold, marking the slowest January that Virginia has seen in eight years. Fewer sales have […]
Va. home sales saw sharp drop in October
Virginia home sales in October decreased by 30.2% from the same time last year, the largest year-over-year sales decrease in more than a decade, according to a Virginia Realtors report released this week. In October, 8,828 homes sold in Virginia, 3,828 fewer than in October 2021. Nationally, home sales declined for the ninth straight month […]
