Virginia home values recovering more quickly than U.S.
Scott P. Rogers
The Virginia Association of Realtors has released their 2nd Quarter report providing a great overview of the housing market in Virginia, including (amongst lots of other analysis) the following good news....
While median home prices have declined in both Virginia and the United States over the past two years (comparing 2010 to 2008), it seems that home values may be recovering in Virginia more quickly than in the United States as a whole. The United States median sales price stayed relatively level between 2009 and 2010 (less than 1% change) while the median sales price in Virginia increased by 3% during the same time period.
Click here to read the press release from VAR, or click the image below to download the PDF of the 2011-Q2 Virginia Quarterly Home Sales Report.
While median home prices have declined in both Virginia and the United States over the past two years (comparing 2010 to 2008), it seems that home values may be recovering in Virginia more quickly than in the United States as a whole. The United States median sales price stayed relatively level between 2009 and 2010 (less than 1% change) while the median sales price in Virginia increased by 3% during the same time period.
Click here to read the press release from VAR, or click the image below to download the PDF of the 2011-Q2 Virginia Quarterly Home Sales Report.
