Virginia Home Sales, Prices at Highest Level Since 2009

Virginia Gay Real EstateBuoyed by strong July and August figures, home sales across Virginia in the third quarter of 2012 rose 6 percent from a year before, standing at their highest point since 2009.

A total of 24,331 residential properties changed hands across the Old Dominion in the quarter, according to figures reported by the Virginia Association of Realtors. That’s up from 22,995 during the same period in 2011 and from 20,798 from the third quarter in 2010.

“This is a significant increase in the pace of home sales in Virginia, and is likely a result of continuing low interest rates and low unemployment rates in the commonwealth,” VAR officials said.

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