VIRGINIA HOUSING MARKET ACTIVITY RISES IN MARCH
March 2025 saw increased activity in Virginia’s housing market.
Pending sales rose by 5.1% compared to March 2024.
New listings also increased year-over-year.
Closed sales were down slightly by 4.5% from March 2024.
Active listings increased by nearly 30%, adding over 4,400 homes.
Inventory is expanding, giving buyers more choices.
The statewide median sales price grew 5.3% to $418,000.
Most local markets saw higher median prices.
Rising prices and mortgage rates may temper the spring market.
Source:
Report: March Brought More Listings and Buyers to Virginia’s Housing Market
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