>>Virginia REALTORS Report Shows 2024 Housing Market Ended Stronger than in 2023
(Richmond, VA) -- A new report shows 2024's housing market in Virginia ended stronger than in the previous year. Katie Gray with more.Preview: Voicer Script:
The December 2024 Virginia Homes Sale Report by Virginia REALTORS revealed that the housing market ended positively with 7,907 home sales closed in December, an increase of almost a-thousand from the previous year. WRIC reports the average sales price in Virginia was over $413-thousand dollars, almost $31-thousand bucks higher than the previous year. Experts attribute it to an imbalance of supply and demand. The total sales statewide in December amounted to close to $4.1 billion dollars, an increase of nearly $800 million from the previous year. The report predicts pent-up demand will continue to drive home sales in 2025.