Virginia
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Overview of Virginia Housing Market in 2012 |
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 The Virginia Associations of Realtor has published their annual review of the Virginia housing market, entitled "Pieces of Home" as shown above. Click here to read this comprehensive report. | |
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Home sales up 6% year-over-year in Virginia |
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 Other good news includes....
View the entire report as a PDF here. | |
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Virginia home sales continue to rise, 11% YOY |
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 And.....Virginia's median sales price has increased 7.5% year-over-year. Read more in the recently released 2012-Q2 Virginia Home Sales Report. | |
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Virginia home prices increase 11% |
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 Virginia home prices have increased 11% over the past year when comparing the May 2011 median sales price to the May 2012 median sales price. Read this good news and more in the most recent Home Sales Report from the Virginia Association of Realtors. | |
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Nationally, sales are up, inventory down per NAR, Calculated Risk |
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Just as we have seen over the past 6 to 12 months in Harrisonburg and Rockingham County as well as in Virginia, home sales are increasing and inventory levels are dropping on a national level as well.   Read more from NAR and Calculated Risk. | |
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Overall Virginia housing market continues to gain strength |
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From the Virginia Association of Realtors this morning....  Home sales (# of sales) and median prices are both up across Virginia! Click the image below to download the full Virginia Home Sales Report.  | |
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Housing markets are improving all across Virginia! |
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From the Virginia Association of Realtors, Pace and price of home sales increase in Virginia during Q1 2012. Read on.... The First Quarter 2012 Virginia Home Sales Report has been released and brings good news for the Commonwealth! Several long-term trends indicate that Virginia's housing market is continuing to stabilize.  As shown above, the pace of home sales in the first quarter of 2012 marked an improvement over both the first quarter of 2011 and 2010.  The median residential sales price has increased 2.4% in Virginia over the past year despite a slight (-0.5%) decline over a three-year time period. Download the full First Quarter 2012 Virginia Home Sales Report to find out more about how different regions in Virginia fared in the first quarter of 2012. | |
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Virginia home sales surge ahead (+9%) in February 2012 |
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In another sign of potential stabilization of the housing market in Virginia, home sales rose 8.6% in February 2012 as compared to one year prior. This strong increase is after a 2.7% year-over-year increase in January 2012. Virginia's unemployment rate of 5.8% in January is the lowest level seen since December 2008 and provides a strong climate for growth in the housing market. Download the full February 2012 Virginia Home Sales Report below which also highlights:
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2011 Virginia Housing Report |
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 Last week, the Virginia Association of Realtors® released its 2011 Pieces of Home Housing Report including housing market data, trends, and comparisons. BIG PICTURE: Virginia homes sales in 2011 exceeded home sales levels in 2010 despite the lack of a stimulus. HOORAY FOR OUR LOCAL AREA: The Central Valley regions experienced the greatest increase in sales and the Northern Virginia region experienced the only decline. View the whole report by clicking here. | |
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Virginia home prices continue to fare well, comparatively |
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 Source: KCM Above you will see the state-by-state change in home prices over the past 12 months. The majority of states (yellow, orange, red) have seen a decline in prices over the past 12 months --- but not Virginia. Stability in the overall housing market in Virginia is a result of overall stability in Virginia's economy and job market -- both of which positively influence our local economy and housing market as well. | |
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Virginia housing market shows signs of returning stability |
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 The Virginia Association of Realtors has released the 4th Quarter 2011 Virginia Home Sales Report, and for the second consecutive quarter there has been an increase in the annualized pace of home sales in Virginia. Click the image below to download the full market report as a PDF.  | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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