VIRGINIA HOUSING MARKET IMPROVES IN MARCH
March 2025 brought more listings and buyer activity to Virginia’s housing market.
Pending sales rose by 5.1% compared to March 2024, indicating more buyer participation.
Closed sales were down slightly by 4.5% year-over-year.
Active listings saw a significant increase of nearly 30%.
The statewide median sales price grew by 5.3% to $418,000.
Market conditions remain competitive despite the increase in inventory.
Rising inventory offers more choices for buyers.
Price growth and mortgage rate volatility could impact the spring market.
Source:
Report: March Brought More Listings and Buyers to Virginia’s Housing Market
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