VIRGINIA HOUSING MARKET ACTIVITY INCREASES IN MARCH
Virginia’s housing market saw increased activity from both buyers and sellers in March 2025 compared to the previous year.
Pending sales rose by 5.1%, indicating a boost in buyer participation.
However, closed sales were down by 4.5% year-over-year.
Active listings saw a significant jump of nearly 30%, the largest increase in several years.
More than 80% of Virginia localities had more active listings.
While inventory remains tight overall, the increase provides buyers with more choices.
The statewide median sales price increased by 5.3% to $418,000.
Price growth was strong in most local markets, with 63% seeing higher median prices.
Rising inventory is seen as a positive for buyers amidst higher prices and volatile mortgage rates.
Source:
Report: March Brought More Listings and Buyers to Virginia’s Housing Market
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