Total home sales and median sales prices of homes that sold in Virginia in August were up compared to a year before, as the market began to move from the high-pitched summer months to the more sedate remainder of the year.
A total of 8,679 residential properties changed hands across the Old Dominion in August, according to figures reported by the Virginia Association of Realtors. That’s up 7 percent from the 8,125 transactions that occurred a year before.
“Low unemployment rates in Virginia, as well as record low interest rates, have helped Virginia’s residential housing market to continue to grow throughout 2012,” VAR officials said in a statement accompanying the results.
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