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Report finds fewer homes sold in May

Home prices in Virginia rose to a median of $440,000 in May 2025, up 3.5% from last year, despite a slight decline in home sales to 10,649. Sales dropped for the fourth consecutive month, but total sold volume increased by 1.3% due to higher ...

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Key Takeaways: May 2025 Virginia Home Sales Report

Home sales in Virginia declined for the fourth consecutive month, with 10,649 closed sales in May, down 0.6% from last year. Despite fewer sales, the median price rose 3.5% to $440,000, boosting total sold volume by 1.3% to $5.8 billion. Inve...

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