It is that time of the year again – we gear up to celebrate YOUR sales achievements with VPAR’s Outstanding Salesmanship Awards Club (OSC)! The required criteria, data sheets and required team award contact sheet are the same as last year.
Please see the links below for the required documents that must be filled out and turned in by Noon on Friday, January 8th.
With the November 3rd election just around the corner, Virginians are putting plans into place and taking action to vote. Your vote is your voice on issues affecting housing, education, employment and healthcare. From where and when to vote to important deadlines, here’s everything voters in Virginia need to know about the 2020 election.
According to the September 2020 Home Sales Report released by Virginia REALTORS®, statewide, September home sales saw a staggering rise of 35% over September 2019.
Sales were up strongly across the Commonwealth, with the Eastern Region seeing a surge of nearly 80% over last year’s sales, the Northern Region seeing a 37% rise, and the Hampton Roads Region seeing an increase of 33%. In the Central Region, sales rose by more than 24%.
While home sales typically slow down after the summer, once school begins and families return from summer vacations, the COVID-19 pandemic has made this fall an a-typical season. “As a result of the pandemic upending the typical market patterns, the strong summer housing market surged ahead into September,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD. “Strong demand and low mortgage rates continue to fuel robust housing market activity.”
This strong demand has had a significant impact on home prices. In September, the median home sales price statewide was $329,900, nearly 13% higher than in September 2019. Homes are also selling much faster. Homes sold in an average of 37 days in September 2020, down from 48 days a year ago.
While demand for homes continues to be high, the lack of available inventory remains the biggest constraint on the performance of Virginia’s housing market. At the end of September, there were over 40% fewer listings than the same time last year.