Virginia home sales increase 12% in October; prices increase 9%

The October 2012 Virginia Home Sales Report has been released and yet again, most state-wide indicators show an improved housing market in the Commonwealth.

As shown above, the pace of home sales in October 2012 (7,017) marked a 12% improvement over the same month last year (6,263).  Furthermore…

  • Virginia’s median sales price increased 9% in October 2012
  • Virginia’s total sales volume increased 17% in October 2012
  • Virginia’s average days on market decreased 12% in October 2012

Read more inside the complete October 2012 Virginia Home Sales Report.

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One Response to Virginia home sales increase 12% in October; prices increase 9%

  1. Fiona Davies says:

    Is America drowning in a sea of negative equity?

    More than 14 million homeowners in America now owe more on their mortgages than what their houses are actually worth. Although house prices have actually risen in the third quarter experts are saying that the broader economy can still shock property values in America.

    Read more by clicking the link below:

    http://www.thepropertyfairy.com/latest-news/2012/11/21/america-is-drowning-in-a-negative-equity-debt-hole/

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