October 2015 Market Summary
October residential real estate sales indicate sustained market improvement, with a rise of over five percent from the same time period last year. Higher volume coupled with a higher median sales price accounts for the bump in overall transactional value from $2.59 to $2.72 billion. According to the October 2015 Home Sales Report released by the Virginia Association of REALTORS (VAR), sales each month this year have exceeded the sales for the corresponding months in 2014. A continued trend of year-over-year increase indicates sustainable market improvement. Full Story
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