Virginia’s median sales price of $249,900 in May 2012 marks an 11% increase over one year ago ($225,694 in May 2011) and is the second highest monthly median sales price we have seen in the past two years in Virginia. This increase in prices is likely due to the continued increase in the pace of home sales in Virginia.
Download the full May 2012 Virginia Home Sales Report below which also highlights:
- Monthly median sales pace increased 5% over the past year.
- Monthly sales volume increased 13% over the past year.
Average days on market declined 14% year-over-year in May 2012.