Home sales up 11%, prices up 7% in 2012-Q2

The Second Quarter 2012 Virginia Home Sales Report has been released and nearly all state-wide indicators show a much improved housing market in the Commonwealth.

As shown above, the pace of home sales in the second quarter of 2012 marked an 11% improvement over the second quarter of 2012.

The median residential sales price increased 7.5% in Virginia over the past year and has increased by 6.8% over the past three years.

The median residential sales price increased 7.5% in Virginia over the past year and has increased by 6.8% over the past three years.

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