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Virginia Statewide Housing Market Overview

Recent numbers in Virginia indicate decreasing sales but rising home prices. According to data from Virginia Realtors 07/2023 home sales dropped 20% year over year. Primarily due to low inventory levels and rising mortgage interest rates. Sellers have enjoyed a nearly 4% price gain year over year with the statewide median sale price increasing by $15K

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Recent numbers in Virginia indicate decreasing sales but rising home prices. According to data from Virginia Realtors 07/2023 home sales dropped 20% year over year. Primarily due to low inventory levels and rising mortgage interest rates. Sellers have enjoyed a nearly 4% price gain year over year with the statewide median sale price increasing by $15K