Real estate continued its upward trend for the year in the second quarter and reached heights that we haven’t seen since the recession. According to the Second Quarter 2015 Home Sales Report from the Virginia Association of Realtors, the Virginia real estate market saw its strongest second quarter since 2008, with sales exceeding $10.6 billion. Home sales are also up 11% from the same period last year. Looking at the year to date, total home sales are up 17%. This is an incredible recovery considering the level the state was at just a few years ago. The median price of a home in the state of Virginia was $259,990, down 2.6% from the previous period last year. However, there was a moderate improvement in median sales prices in most of the state, with six out of the seven regions of the state seeing an increase. The main reason for the growth in the real estate market was due to an increase in the volume of new home sales. 31,650 homes were sold across the state, seeing a 9.9% increase over the same period last year. This is the 3rd consecutive quarter of growth seen within the state. All of these factors together have caused homes to go off the market much faster than normal. The length of time that homes are on the market decreased by 6.8%, meaning that people are finding homes they like and are buying them before they lose them to someone else. What does all this mean for you? It means that there’s no better time to buy a new home in Virginia than right now! Interest rates continue to be low which is keeping prices low and there’s an increase of homes on the market, making it easier for you to find your new home. Van Metre Homes has six different communities with four located in Virginia. All of our new homes for sale offer exceptional features and finishes included as standard that are typically treated as upgrades by other homebuilders. Find out more about Van Metre Homes from our website. Source: NBC29; Roanoke.com