While we are always reminded that real estate is local its nice to see how the state as a whole is doing. In another sign of potential stabilization of the Virginia housing market , home sales rose 8.6% in February 2012 as compared to 2011. This strong increase is after a 2.7% year-over-year increase in January 2012. Virginia’s unemployment rate of 5.8% in January is the lowest level seen since December 2008 and provides a strong climate for growth in the housing market.
Download the full February 2012 Virginia Home Sales Report below which also highlights:
- Monthly median sales prices only declined 0.9% in the past year.
- Monthly sales volume increased 8.4% between February 2011 and February 2012.
- Average days on market stayed level at 105 days in February 2012.
February 2012 Virginia Home Sales Report
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Mr Williamsburg, Revolutionary ideas on real estate!Hampton Roads Virginia 
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