2024 Virginia housing market: 14% increase in pending sales, 10.3% median price rise, active listings up 19%.
In September 2024, Virginia's housing market saw a nearly 14% rise in pending home sales compared to September 2023, the largest increase in over three years, driven by lower mortgage rates around 6%. Active listings grew by 19% to 19,764 homes, while the median sales price rose by 10.3% to $419,200. Despite these trends, completed sales were relatively stable, increasing by less than 1% year-over-year.
October 22, 2024
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