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February 2017 Virginia Home Sales Report

February Home Sales Reflect Limited Inventory and High Buyer Demand

Market Summary - February 2017 Virginia Home Sales Report

Residential real estate sales continue to indicate a year of market strength. Though pace year‐over‐year remained static, the spike in median price and accompanying decline in average days on the market point to high demand and restricted inventory.

Year‐over‐year, the number of transactions in February varied by only 7 units (6,569 in 2016 and 6,562 in 2017). Typical of the industry’s seasonality, February sales were 1.9 percent higher than January’s (6,440 units).

Click here to download the February 2017 Virginia Home Sales Report.