The Virginia Real Estate Indexes remain strong going into 2020 buoyed by low mortgage rates and robust labor markets and consumer sentiment prior to the Coronavirus outbreak.

The Virginia Real Estate Indexes remain strong in the final quarter of 2019 buoyed by low mortgage rates and robust labor markets and consumer sentiment.  

Virginian sentiment about real estate markets backed away from the second quarter numbers, yet current conditions are trending upwards.

The Virginia Real Estate Indexes indicate a robust real estate market in the Commonwealth. The index for current real estate conditions increased significantly to the highest value on record.

The Virginia Real Estate Indexes are mixed. The index for current real estate conditions fell slightly, driven primarily by the buyers' side of the market who face increasing challenges. Home prices are above historical average in all metro areas across Virginia.  

The Virginia Real Estate Indexes are mixed. The index for current real estate conditions rebounded from a six-month drop and finished close to its historical record from May 2017, while the index for the future real estate conditions remained strong, but fell from last quarter.

The Virginia Real Estate Indexes continued a six-month retreat from their record high of the second quarter, but remain well above the historical average. Home prices are higher than their historical average in all major metro areas across the Commonwealth.

The Virginia Real Estate Indexes retreated from the record high of the second quarter, but remain above the historical average. Inventories are lower than this point in the previous two years, keeping prices up. Regionally, home prices remain well above average in Richmond, Charlottesville, and Washington, D.C.

Sentiments concerning the Virginia real estate market remain strong. The Virginia Current Conditions Index hit a second consecutive record value for the most recent quarter. Sellers of real estate are more optimistic than in the past four years. Real estate prices took a sharp turn up as inventories remained flat. 

Sentiment concerning the Virginia real estate market remains strong in the Commonwealth.