April saw a rise in median home prices

Virginia’s median home sales price increased for the third month in a row in April 2011 to $230,000.  These three monthly increases were after nearly half a year of declining median home sales prices.  This increase in median home sales price is despite a decline in the number of home sales in April from 7,005 in March 2011 to only 6,400 in April 2011.

Many other real estate market indicators in Virginia are quite positive as of April 2011:

  • Average Days on Market declines for the second straight month
  • Unemployment Rate declines for the third straight month
  • Average 30-Year Mortgage Interest Rates decline for the second straight month

Click here to download the full monthly market report.

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