In Virginia — based on data from the state’s various MLSs — sales were down about 6.75% in January (compared to 2010), with the number of new listings dropping 15.7% year to year. Pending sales dropped sharply over 2010 — down 43.7% January to January.
The average closed price was down slightly (-1.4% over 2010).
That’s statewide. Locally, things are different. Sales in both the Richmond and Virginia Beach-Norfolk-Newport News regions were up close to 17% January to January; Charlottesville saw an 11.4% increase and the Lynchburg area was up about 2.3%.
But these numbers were offset by declines in the Washington region, as well as the Roanoke, Winchester, Blacksburg, and Danville areas.