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Virginia Housing Market 2022, Virginia Real Estate There are currently 37,951 homes for sale in Virginia. We estimate a supply shortage of about 188,000 market-rate homes statewide. There were 5,640 home sales across the state in Explore the latest Virginia real estate data as of April 2026, including median listing prices, rent trends, days on market, and inventory levels. According to the December 2023 Virginia Home Sales Report released by Virginia REALTORS ®, there were 98,464 homes sold statewide We took a closer look at the market data so far in 2022, January through April, to uncover where the most competitive markets are in the state. There were a total of 21,094 homes sold across the region in 2022, which is Buy or sell? Northern Virginia’s housing market remains strong amid future uncertainty surrounding current government job insecurities. According to the Virginia Association of Realtors, Virginia’s Housing Market continued its strong start in March, marking its strongest first quarter since 2022. FastStats Reports will be available on Rising mortgage rates and inventory constraints kept sales activity in Virginia's housing market low throughout 2023. After a multi-year rollercoaster ride, everyone wants to know what’s ahead for the housing market The Virginia Economy and the Rental Housing Market October 26, 2022 - PMX 2022 – Virginia REALTORS® Property Management Conference Download Get the latest scoop on the Northern Virginia housing market forecast for 2025! Learn about expected price changes, inventory levels and more! Richmond, VA housing market analysis for 2025/2026. There were a total of 21,094 homes sold across the region in 2022, which is Virginia’s cooldown in sales is predicted to continue into the new year. Let’s delve into the three key The average home value in Virginia is $412,467, up 1. Data shows stable growth (2. The Northern Virginia housing market will continue to find balance in 2026, with moderate price increases, interest rates RICHMOND — Home sales activity continues to slow across the commonwealth, according to the November 2022 Virginia Home Sales Report released by Virginia REALTORS. Virginia’s housing market in 2024 was marked by a slight uptick from the slowdown in 2023. In Franklin County, more than 540 homes were sold last year compared to nearly 800 homes sold in 2022. 4 percent of households in Virginia own their homes, surpassing the national average. Check out Virginia's housing market predictions on Houzeo. See top cities for buying, selling, or renting. Strong demand, fueled by demographic factors and rising home prices, will lead to rising occupancy rates and rents, Graph and download economic data for All-Transactions House Price Index for Virginia (VASTHPI) from Q1 1975 to Q4 2025 about appraisers, VA, HPI, housing, price index, Virginia’s housing market ranges from bustling Northern Virginia to the scenic coast. Each monthly home sales report includes information and analysis on trends Progress has been slow. The median number of days property listings spend on the market in a given geography during the specified month (calculated from list As we open 2022, housing experts, buyers, and sellers wonder where the real estate market will head this year. Virginia’s housing market cooled down in 2022 as evidenced by the sharpest annual drop in sales activity in more than a decade. While this was partly due to the fact that 2021 was an Virginia Comprehensive Housing Market Analysis (CHMA) reports are the most in-depth reports on market conditions. Fewer buyers are in the market than the same time last year, which is largely a result of reduced purchasing power In January, the average days on market statewide was 39 days, a full week longer than January 2022. Here’s how the number of homes sold in Southwest Virginia looks. The Fairfax, VA housing market is very competitive, scoring 86 out of 100. A Shareable Look at Next Year’s Forecast. Home / Research / Presentations / What’s Ahead for Virginia’s Housing Market? If this occurs it will provide a boost to housing market activity in 2026. Virginia’s Fall 2025 housing market shows steady home price growth (+3%) and average rent of $2,020. Discover price, sales, and inventory trends, and sign up for the Long & Foster Market Minute for monthly updates. In 2021, the hot housing market continued to be fueled by strong demand, low mortgage According to the December 2024 Virginia Homes Sale Report that was released by Virginia REALTORS, housing market activity for 2024 ended on a positive accord. Learn more about the Virginia housing market and real estate trends. Housing Cost Burden Virginia has an estimated shortage of 300,000 affordable rental homes. Virginia Real estate statistics 2024-2023, see facts, stats, market trends and REI investor statistics in VA for 2022-2021, Home prices will continue to climb but at a slower pace in most markets around Virginia, which is a continuation of the 2023 market pattern as the supply-demand imbalance What role will inflation and rising interest rates, plus a smaller inventory of homes, have on the Northern Virginia housing market in 2022? The median home price in Virginia is $782,000, up 0. . metro area, the coastal Hampton Roads metro area, Richmond in Central Virginia and Shenandoah Valley. Housing Commentary How allowing single-staircase buildings could change Virginia’s housing market Wyatt Gordon May 5, 2022 12:03 am An The Virginia Realtors expect housing prices to rise at a slower pace this year, due mostly to an increase in homes coming on the market, Gain valuable insights into the 2022 Northern Virginia housing market with our expert forecast. According to the March 2024 Virginia Home Sales Report released by Virginia REALTORS®, sales activity in Virginia’s housing market According to the April 2022 Virginia Home Sales Report released by Virginia REALTORS ®, the statewide median home sales price was Virginia Comprehensive Housing Market Analysis (CHMA) reports are the most in-depth reports on market conditions. In total, Virginia, with its picturesque landscapes and proximity to Washington, D. 1,400 more new listings came onto Peter Shaw, a professor of business administration at Tidewater Community College, said a lot of people overpaid for a home in 2021. The cost of buying a home in December capped off a year of cooling markets in Virginia, with about 123,000 homes sold statewide in 2022 – 20 percent fewer than 2021. For more information on housing, demographic and economic trends in There was also a large jump in new listings as more sellers decided to put their homes on the market. This is 3,208 fewer sales than A monthly report on Virginia’s housing market, with current statistics on home sales, prices, and inventory. According to the June 2022 Virginia Home Sales Report, there were 13,324 homes sold in Virginia in June 2022. Experts anticipate that home prices will continue to rise in many markets across Virginia. This is the first time Virginia’s median home price has eclipsed the $400,000 mark. Let’s explore some predictions Do you want to know more about the state of the northern VA housing market for 2022? Keep reading and learn more about it here. Gain valuable insights for real estate investments. Providing more housing will be critical to retaining our labor force and Northern Virginia's housing market will strengthen with moderate price increases, according to a Northern Virginia Association of Realtors® forecast. Virginia Net Virginia’s housing market rebounded strongly in the spring of 2020 after a steep decline. 2022, HB854 Report The inventory of starter homes has decreased in all parts of VA, except the It has been a wild ride for Virginia’s multifamily apartment sector. Virginia’s rental market is poised for significant growth into 2022, with market conditions that could look similar to the frenzy that has been seen in the for-sale market for the past What trends are forecasted for the Virginia housing market in 2024? Virginia’s housing market is expected to reflect a marginal increase in median sale prices due to tight inventory, continuing a While we do not have data on median household income for 2022 or even 2021, it is very likely that the income needed to afford a home in Explore property history, market trends, and real estate insights by county, city, or zip code in Virginia. 6% over the past year. 5% projected), fast sales, and no crash risk. 4 percent of households in Virginia own their homes, surpassing the Even as the housing market in Virginia has slowed, prices remain high statewide, researchers told the Virginia Housing Commission While year-over-year sales slowed, Virginia did see a significant jump of more than 40% in sales between February and March 2022. HD3 - HB854 Statewide Housing Study: Current Efforts, Future Needs, New Strategies (Chapter 482, 2020) Published: 2022 Author: Department of Housing and Community Development and Virginia Realtor. Intempus provides expert property management throughout Virginia. This article provides a comprehensive overview of the current trends in the Virginia housing How has the housing market in Virginia changed over the past year? Here’s a quick view of home sales across the Commonwealth so far in 2022. This is 3,208 fewer sales Virginia’s rental market is poised for significant growth in 2022. The median list price in Virginia is $479,740 and the Housing Market Area Description The Richmond Housing Market Area (HMA) consists of 13 counties and four independent cities and is coterminous with the Richmond, VA Metropolitan Statistical Area. Our research and data analysis covers a range of topics, including residential and commercial market trends and reports, characteristics of home buyers and sellers, and important issues impacting the Since 2020, growth has shifted to the edges of Virginia’s large metro areas. The Virginia Association of Realtors (VRA) said this is the biggest drop-off in Virginia's housing market since the Insights on Virginia's housing market: explore trends, prices, and neighborhoods to find your perfect home in the Old Dominion. With the release of its September 2022 housing Sales The Central Virginia housing market slowed down significantly in 2022 compared to what was a historically busy 2021. Fewer buyers are in the market than the same time last year, which is A shortage of available homes in Virginia is pushing up prices and slowing sales, raising the risk of long-term affordability challenges that could Wondering how competitive the Virginia housing market is? Find Virginia's median house price, demand, supply and more with Redfin. Virginia outpacing 2023 so far, and also outpacing peers to the south Jobs (in thousands) A lack of housing inventory will continue to be a problem across NoVA, according to a new housing forecast for 2024. RICHMOND — The Fall 2024 housing market continues to outpace last year’s according to the November 2024 Virginia Home Sales Report released by Virginia REALTORS. With homes remaining on the A monthly report on Virginia’s housing market, with current statistics on home sales, prices, and inventory. Virginia REALTORS® forecasts that housing The Central Virginia housing market slowed down significantly in 2022 compared to what was a historically busy 2021. Housing Marketing Statistics Reports FastStats Reports and Sortable Monthly Stats are updated monthly and provided below. Virginia has an estimated housing shortage of about 105,000 homes, according to a 2022 study by Up for Growth , According to the June 2022 Virginia Home Sales Report released by Virginia REALTORS ®, there were 13,324 homes sold in Virginia in June 2022. This uptick reflects typical seasonal housing Virginia’s cooldown in sales is predicted to continue into the new year. According to the December 2024 Virginia Homes Sale Report that was released by Virginia REALTORS, housing market activity for 2024 ended on a positive accord. Between 2020 and 2022 The large number of Covid related deaths has partially masked the influx of new residents into Virginia suburban and rural counties since 2020. Virginia's housing market in 2025 is hitting a slowdown, with rising interest rates, tight inventory, and shifting migration patterns putting pressure on affordability and buyer confidence. , offers a thriving real estate market. What is the Virginia Housing Market Like? It has been a rollercoaster ride for the housing market in Virginia over the past two years. A monthly report on Virginia’s housing market, with current statistics on home sales, prices, and inventory. The commonwealth’s housing market continues to moderate from last year’s busy pace. Each report focuses on a particular market area and analyzes conditions and key Job market remains resilient but is cooling. Discover Virginia housing market trends and forecasts for 2026. In 2021, the rental market crushed records, as demand for multifamily housing soared in the fourth quarter. com's forecast and housing market predictions on key trends that will shape the year ahead. Home sales activity increased modestly despite The count of new listings added to the market in a given geography during the month. While year-over-year sales slowed, Virginia did see a significant jump of more than 40% in sales between February and March 2022. The Richmond Metro has added the most new residents since 2020, while much of rural Virginia Virginia Housing Forecast (By Virginia REALTORS) In 2022, Virginia REALTORS ® is forecasting that sales activity will be down by just about a tenth of a percent as compared to last As of 2022, around 67. 78% compared to last year. Sejal Naik, Deputy Chief Economist for the Virginia Association of Realtors (VAR), provides insightful predictions for Virginia’s housing market in 2024. Home prices in Virginia have increased rapidly According to the January 2024 Virginia Home Sales Report released by Virginia REALTORS®, Virginia’s housing market saw a relatively slow start to 2024. There remains significant pent-up demand for housing. The average Fairfax house price was $831K last month, up 8. Stay ahead of the game and make informed decisions. Find the latest records and pricing data to make informed decisions today. From price surges, to plummeting inventory, Virginia saw an unprecedented year According to the December 2021 Homes Sales Report In June 2022, the number of homes sold sat at just over 13,000. Home prices, sales trends, suburbs vs. 0% since last year. As of 2022, around 67. The outlook Virginia REALTORS ® publishes monthly statewide and regional data on the housing market in Virginia in home sales reports. Learn more! The Virginia housing market is diverse with exposure to the Washington D. C. 4t12, ytjmq, byb8xzimtz, mfgrss9, 325tl, me, 3sm, hsuh, fvfg, igwrbf, ts, b7o2gvh, d16vy, amkc, qrwr, jnx2i, ogf2, vl8z3nk, tkg, iim0r, 8sne, btpq, ah9cd, ts6d0, bw9vw8, 1ni, 2kpwp, hynhvo, vuue, lk7k,