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Click here to download the 2016 Second Quarter Homes Sales Report.

2016 Virginia Homes Sales Report - Second Quarter

The Virginia residential real estate market continued year-over-year and long term improvement according to the Second Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Both the total number of sales and the value of transactions rose from the same period last year, to 34,688 units and $11.720 billion, respectively. Volume - the sum of all transactions for April, May, and June of 2016 - was 8.6 percent higher than the same period last year, and more than 20 percent higher than the second quarter of 2014.

“Second quarter strength rests on steady market improvement across key metrics, including rising price and growing buyer participation,” said 2016 VAR President Bill White. “Combined with the natural industry uptick in summer activity, low interest rates are urging buyers into the market and driving sales up throughout Virginia.”

Click here to download the 2016 Second Quarter Homes Sales Report.

2016 Virginia Home Sales Reports (pdf format)