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Home Sales Best in 10 Years Print

The economy in the Roanoke region continues to show strength, and the regional housing market is reflecting overall economic vitality.

The latest data from the Multiple Listing System of Roanoke Valley show that home sales are at levels the region has not seen since before the recession. Sales of homes in May, 2016 surpassed sales of any May since 2006. Sales are up 17.8 percent from May, 2015. In May, more than $108 million in overall residential sales volume was reported, averaging just over $201,000 per home sold.

The Multiple Listing System of Roanoke Valley encompasses the following areas: Cities of Roanoke and Salem, Town of Vinton and Counties of Roanoke, Botetourt and Craig, plus a portion of Bedford County and Franklin County.