Home Prices in Virginia on the Increase

According  to a Virginia Home Sales Survey published by the Virginia Association of Realtors, median home prices are consistent with figures seen  last month and higher than in September.    

The median home price in November was $232,500,  which is still less than last November’s median price of $237,250.

 Virginia homes are on the market an average of 136 days, which is just a few more than the 10 year average of 122.

 According to Virginia Association of Realtors President Pat Jensen,  “Now is the time to buy.   Housing inventory levels are the  highest in years, and interest rates are low.   If you’re a buyer, this market is for you.”  

Source Prince William Pulse newspaper, 1/10/08.

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