Year over year home sales in Virginia declined 1% in July 2010 to 7,065 units sold, as compared to 7,137 sales in July 2010.  We can likely expect several more months of 6,000 to 8,000 home sales per month as we finish out the summer and fall home sales seasons.

Despite declines in the pace of home sales, the median sales prices increased again in July 2011 to $247,650.

Click here to download the full July 2011 Virginia Home Sales Report as a PDF.