November residential sales continue growth trend

Virginia experienced year-over-year increases in residential home sales and median sales price in November 2015, continuing a trend of market improvement. Year-to-date sales through November 30, 2015, account for more than $32.02 billion in sales volume. Relative to the same year-to-date period for 2014, the value of sales transactions has increased by 11.7 percent. The number of sales closed in November 2015 was 3.3 percent higher than for that of the same month in 2014. November 2015 median sales price ($251,500) was slightly higher than November 2014 ($250,000) and 2 percent higher than November 2013 ($245,000). Days on the market declined more than 2 percent from last November. For the full November Home Sales Report, click hereVirginia Sales Nov. 15.



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