Virginia Association of REALTORS: Trends in Virginia's Housing Markets: Second Quarter 2010 (Residential Only)

In the second quarter Trends in Virginia’s Housing Markets report, published by the Virginia Association of Realtors, six areas out of seven showed increases in total sales compared to the second quarter of 2009; only one area (Northern Virginia) was down, but only slightly (-.3 percent). Northern Virginia did post a second quarter total sales figure that was up 55 percent over first quarter 2010. Statewide, sales are up 6.4 percent over the same period last year.

The median sales price was up slightly for the state as a whole, 2.5 percent, over the second quarter last year, and up nearly 7 percent from first quarter 2010.

Average days on market is down in all but two areas of the state compared to first quarter 2009, and six of seven areas were down compared to the same period last year.

For the full report, click here: www.varealtor.com/portals/0/docs/Research/HomeSalesReport/2010_Q2_HomeSales_%28R%29.pdf