Slide Show Pict
Home Sales Statistics and Predictions Print

The real estate market continued to be active in April, with the highest number of homes sold (437) during April since 2006. Click here for a link to the home sales statistics, along with a 4-year comparison. These statistics are based on homes listed and sold in the Roanoke Valley MLS.

Back in April, 2006, the MLS had 1,400 more residential listings than today. The average price of closed homes in April, 2017 was $204,635, about $2,000 more than in April, 2006.

The National Association of REALTORS® forecasts that single-family existing home sales will see their best year since 2006, driven by robust job gains and improving household confidence. NAR also forecasts an increase of 5% in existing home prices in 2017. NAR predicts two more rate hikes this year to bring mortgage rates to an average 4.3% by the end of 2017, and climbing towards 5% in 2018. 

 
 
Upcoming Events
RVAR Speakers Forum - ReImagine 419
Tuesday, June 27, 2017 (8:30 am)

RVAR Office Closed
Monday, July 03, 2017 (All Day)

RVAR Office Closed
Tuesday, July 04, 2017 (All Day)

Family Fun Night at the Ball Park
Thursday, July 27, 2017 (6:00 pm)

Code of Ethics Training
Wednesday, August 23, 2017 (9:00 am)

RVAR's Annual Golf Tournment
Friday, September 08, 2017 (11:30 am)

New Member Orientation
Friday, September 15, 2017 (8:30 am)

Legal Update
Thursday, September 21, 2017 (9:00 am)

2017 Affiliate & REALTOR® Night
Tuesday, October 17, 2017 (5:00 pm)

CRS
Thursday, October 19, 2017 (9:00 am)

Archives of RVAR Publications

RVAR eNewsletters

Inman News Headlines
Six Most Recent Articles