Virginia saw a 10.8% increase in the number of homes sold during 2020 compared with the year before, according to a report released by Virginia Realtors. It marks the fastest growth in annual sales seen in Virginia in more than five years.
During 2020, 139,908 homes sold in Virginia, compared with 126,305 homes sold in 2019. Eastern Virginia saw the largest increase in homes sold with a 29.4% jump. Northern Virginia saw the largest number of homes sold in 2020, with 49,185 sales. In 2019, 44,725 home sold in Northern Virginia.
Virginia also saw the median home sales price in 2020 up to $319,902 compared to $295,000 in 2019 — an 8.4% increase.
