The first quarter 2013 Virginia Home Sales Report has been released and year-over-year state wide indicators show that the housing market in Virginia continues to experience steady improvement.
- Sales increased 3.35 YOY in the first quarter and are keeping pace with the rest of the US.
- Median sales price increased 8.2% YOY in the first quarter and is increasing slightly faster in Virginia than in the rest of the country.
- The volume of real estate sold in the first quarter increased by 11.3% YOY.
The graph above illustrates the dollar value of real estate sold (in millions) during each quarter over the past three years. The volume of real estate sold in the first quarter 2013 ($5.4B) was a strong 11.3% increase from the first quarter of 2012 ($4.8B). This measurement is an important indicator of continued market recovery.
Read more inside the full report: