The February numbers are in, so let’s take a quick look at single-family-home sales in Virginia.
In February, sales of single-family homes were almost identical to 2010: 4,178 units in 2011 vs. 4,188 the year before, or down about a quarter of a percent. A bit of good news: The change from February 2009 to 2010? Down almost 8%. So this year was a lot better than last.
Volume — the total dollar figure of single-family-home sales — was also almost unchanged from 2010 to 2011 (down 0.8%); it had dropped 4.2% from Feb. 2009 to 2010, so again good news.
That’s statewide. Locally, home sales in the Blacksburg, Danville, Lynchburg, Northern Virginia, and Winchester areas were down compared to 2010, while those in the Charlottesville, Richmond, Roanoke, and Virginia Beach-Norfolk-Newport News regions were up. (In NoVA, though, sales dollars were up slightly in February.)
So, looking only at single-family homes gives a slightly different picture than looking at the entire market, but the same message is there: Mixed and unpredictable, but appears to be improving.