realestate

Virginia's Real Estate Market Enters New Year with Optimism

Virginia Realtors Report: Fall 2024 Housing Market Outpacing Last Year's Pace.

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HARLOTTESVILLE, Va. - A new report from Virginia Realtors indicates that the fall 2024 housing market is stronger than last year's. The data shows significant increases in closed and pending sales. In November, home sales rose by 13%, while statewide pending sales jumped 15%. This uptick suggests a strong finish to the year and potentially a continued active market in 2025, according to Virginia Realtors Chief Economist Ryan Price. Despite this, Price notes that Central Virginia remains a seller's market due to low inventory levels.

Virginia real estate market scene with hopeful buyers and sellers in Richmond.