An estimated 31,176 homes in Virginia were sold in the third quarter, a 13 percent increase from the third quarter of 2014, according to a report released Wednesday by the Virginia Association of Realtors.
Increased sales were experienced in every price range, except for homes that sold for more than $1 million. Also each of seven regions in Virginia experienced higher year-over-year sales, with the exception of the Central Valley, where the number of home sales declined 7.2 percent to 1,678.
In Central Virginia—which is made up of 18 counties, Richmond and the Tri-Cities—5,262 houses were sold in the third quarter, up 13.1 percent from the same period a year ago, according to the report. The median sales price in Virginia, with half the houses selling for more and half for less, increased 2.3 percent year-over-year to $265,000 in the third quarter.
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