Home sales up since last March
According to the Virginia Association of REALTORS®, several areas around the state, including Roanoke, showed increases in home sales since March 2005.
Also from the report-
Virginia’s median existing-home price for March was up just under 5% from last year at $176,093, compared to $168,125 for 2005. The median is a typical market price where half of the homes sold for more and half sold for less. Nationally, the median existing single-family home price was $217,300 in March, up 7.8 percent from a year ago, according to the National Association of REALTORS.
In March, the average sales price was $267,212, compared to last year’s average of $234,770. Areas showing increases in closed transactions for the month included the Dan River Region, Lynchburg, Martinsville/Henry County, Chesapeake Bay & Rivers, Roanoke Valley, Richmond, Southwest Virginia, Williamsburg, and the Greater Augusta County area.
You can read the full report here.
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