According to the Virginia Home Sales Report First Quarter 2014 published by the Virginia Association of REALTORS, median sales price stayed fairly stable throughout the state. Only Southwest Virginia experienced a significant change (-16.7%). Our market, Hampton Roads/Chesapeake Bay, dropped just 1.4% from $195,000 to $192,250.
(image source: Virginia Home Sales Report First Quarter 2014, Virginia Association of REALTORS)
Based on state trends, VAR says we can expect to see increases in prices in all regions through the second quarter.
If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.
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