A total of 8,783 homes were sold in Virginia during September, up by 8.9% from one year ago, while a total of 8,662 pending sales were recorded, 6.7% more than in the prior year.
According to data from Virginia Realtors, there were 24,759 active listings on the market across the state last month, which is nearly 5,000 more listings than in September 2024 – a more than a 25% jump in inventory levels.
Homes took almost three weeks to sell in Virginia in September while the median days on market was 20 days across the state, increasing from 14 days last September.
Also on the rise were home prices. The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier, while total sold volume rose to $4.7 billion for a 13% increase. More than four out of five local markets in Virginia saw an increase in the median sales price last month.
“September’s increase in home sales and rising inventory reflect a resilient housing market,” says Virginia Realtors Chief Economist Ryan Price. “While broader economic uncertainty and labor market pressures remain factors to watch, the data shows that buyers are actively engaging and the market continues to move forward.”
Photo: Famartin / Wikimedia Commons
