Virginia Real Estate Market Reaches Price Cuts Low Point

Price reductions have decreased in the Virginia market, reaching a low that hasn't been seen since last January. With the market heading toward a higher price point, there were 5,900 homes sold over the last 30 days. While the number of price reductions reached a new low, months of inventory is on a four-week downward trend, this week hitting four months.

Looking for adequate space in your home? Check out these listings in Virginia that provide large living areas:

$4M   $1.3M   $3M  

Get started right now by checking out Virginia homes for sale or reviewing Virginia real estate trends.

Demographic facts for Virginia:

  • The percentage of people who own their homes is 61.1%.
  • The one-year job growth rate in this area is 1.68%.
  • The students per teacher ratio in this area is 12.7:1. (15.3:1 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Snapped 22 homes in this area
First Decision Realty LLC
Snapped 17 homes in this area
Keller Williams Realty
Snapped 420 homes in this area

Agents that specialize in this area
13 snaps in this area
179 snaps in this area
75 snaps in this area
55 snaps in this area
377 snaps in this area
157 snaps in this area
47 snaps in this area
9 snaps in this area
7 snaps in this area
23 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.