Despite recent month-to-month declines in the median sales price in Virginia, long-term trends show only a 1.5% decline in median sales price over the past two years. History indicates that the median sales price will likely decrease a bit further over the next several months and then start to increase again in February 2012.
Download the full October 2011 Virginia Home Sales Report below as a PDF which highlights:
- Monthly sales pace decreased 8.6% between October 2010 and October 2011.
- Monthly sales volume decreased 11% between October 2010 and October 2011.
- Average days on market increased to 98 days in October 2011.