January home sales show 2.7 % improvement in Virginia

Home sales during January 2012 showed a marked improvement over last January (+2.7%) and January 2010 (+6.1%).  This market improvement, is an early indicator that Virginia’s housing market may continue to gather strength during 2012.  Low mortgage interest rates (3.98%) and relatively low unemployment levels (6.2%) are certainly helping housing markets around the Commonwealth to remain stable and show some regional improvements.

Download the full January 2012 Virginia Home Sales Report below as a PDF which also highlights:

  • Monthly median sales prices only declined 1% in the past year.
  • Monthly sales volume increased 0.7% between January 2011 and January 2012.
  • Average days on market increased to 102 days in January 2012.

January 2012 Home Sales Report

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