Third Quarter 2009 Virginia home sales report released today

You can get a summary and the raw numbers at

The press is already out with news stories on our report. We’ll update this post as we find more of them:

Here are some of the report’s highlights:

  • Total existing home sales in Virginia grew to 25,032 units (up 5.3 percent) in 3Q 09 vs. 2Q 09, but were down 2.2 percent vs. 3Q 08. Four of the seven regions reporting showed an increase in sales for 3Q 09 compared to 3Q 08.
  • The statewide median sales price advanced for the third consecutive quarter to $251,324 (up 2.2 percent vs. 2Q 09 and down only .1 percent vs. 3Q 08). The statewide median sales price has increased about $28,000 this year.
  • Comparing 3Q 09 to the same period last year, prices were up in Northern Virginia, South Central, Tidewater, and the upper Shenandoah Valley. Only three of the seven reporting regions showed slight decreases in the median sales price.
  • The number of foreclosures increased across the Commonwealth (up 7.8 percent) to 18,135 for the quarter.
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3 Responses to Third Quarter 2009 Virginia home sales report released today

  1. Pingback: Friday Chart – 23 October 2009 | Real Central VA

  2. Those are great #’s. Congrats to Virginia realtors, hear’s to seeing the tread continue nationwide.

  3. That’s nice news. It is good to see the sales are increasing.

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