Virginia recorded 10,182 closed sales during July, which is 235 more than one year ago, a 2.4% uptick.
According to Virginia Realtors, July, marked the second consecutive month of increased sales activity, although year-to-date sales totals are flat compared to one year before. This decline was attributed to a “sluggish spring market.”
Rising inventory levels helped fuel sales activity, with 24,429 active listings statewide by the end of July. This presented a 27.5% year-over-year surge with an additional 5,267 listings.
Also on the rise were prices – the statewide median sales price in July was $435,000, a $9,000 increase for a 2.1% year-over-year bump-up. There was approximately $5.6 billion of sold volume throughout Virginia last month, an influx of about $330 million from July 2024 for a 6.3% increase.
Photo: Famartin / Wikimedia Commons
