Experts expert that Virginia’s 2024 housing market actually ended stronger than it did back in 2023. The December 2024 Virginia Homes Sale Report released by Virginia REALTORS showed positive housing market activity, with nearly 8 thousand home sales closed in Virginia by the end of the year, that being an increase of almost a thousand. The statewide average sales price was around $414 thousand in December, almost $31,000 higher than the previous year, attributed to a supply/demand imbalance. WRIC report that data also indicated close to $4.1 billion in sales statewide in December, an increase of almost $800 million from the previous the prior year.
Virginia employers and organizations have until January 31 to submit their 2024 withholding records, including W-2 and 1099 forms, to avoid delays in tax refunds for employees, retirees, and customers. WRIC reports more information can be found online.