Category Archives: Home Sales Report

March Surge Contributes to Significant Growth in First Quarter Residential Market

The first quarter of 2017 illustrates another year of significant market strength. With particularly strong sales in March, the first quarter of 2017 outperformed the prior year first quarter by 7.8 percent (rising from 21,213 transactions to 22,859). Likewise, first … Continue reading

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Virginia’s 2017 Housing Market Starts with a Strong January

Virginia’s 2017 residential real estate market is off to a strong start. January performance showed notable year-over-year improvement. Pace, or the total number of transactions, rose from January 2016 by 6.5 percent (from 5,946 transactions to 6,335). Likewise, January volume … Continue reading

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NEWS ALERT: Virginia Home Sales Report Shows Impressive Gains for 2016

The fourth quarter of 2016 contributed to a year of significant market strength. With particularly strong sales in November, following consumer reaction to the conclusion of the Federal election cycle and the anticipation of rising rates, the fourth quarter of … Continue reading

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October sales reflect seasonal balance, continued high demand

October 2016 residential real estate sales performed steadily relative to prior year benchmarks, rebalancing from a third quarter balloon and still reflecting high buyer demand. The value of transactions for October 2016 was $2.815 billion, up 1 percent from the … Continue reading

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Strong and stable third quarter housing market works for Virginia buyers and sellers

The Virginia residential real estate market continued year-over-year and long term improvement through the third quarter of 2016. Both the total number of sales and the value of transactions rose from the same period last year, to 32,949 units and … Continue reading

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August 2016 sales bring boost back to this year’s residential market

According to the August 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), residential real estate sales have strengthened markedly relative to August of last year. Following a month of slight contraction from its prior year benchmark, … Continue reading

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May Sales Boost Virginia Housing Market

According to the May 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), the Virginia housing market continues a strong growth trend. Year-over-year, the number of transactions rose by nearly 11 percent, from 10,369 sales to 11,499. … Continue reading

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April Sales Indicate Booming Spring Market

– Composed by Jenny Wortham, Director of Community Outreach According to the April 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), the Virginia spring selling season is booming. The number of transactions rose by nearly 8.5 … Continue reading

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Virginia Residential Real Estate Market Continues to Improve through First Quarter

The Virginia residential real estate market continued year-over-year improvement according to the First Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Indicating sustained long-term growth, both the number of sales and the value of transactions … Continue reading

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February Residential Real Estate Market Shows Strong Start to 2016

According to the Virginia Association of REALTORS® (VAR) February 2016 Home Sales Report, residential real estate sales rose significantly over the prior month and increased from February 2015. The month to month increase reflects both seasonal thawing and the contrast … Continue reading

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