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Home Sales Best in 10 Years

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.

"Dare to Dream"

June is National Homeownership Month – a time for special recognition of the impact of owning a home and achieving a cornerstone of the American Dream. Homeownership is powerful for individuals, communities, and our economy. Not only does owning a home afford families a space of comfort, it helps build financial security through equity and creates leverage for future investments. Homeownership creates residential longevity that strengthens communities too.

Our economy benefits from the financial capacity that families and communities gain through homeownership. Many businesses benefit and thrive through homeownership and the entire process associated with buying, selling and owning a home.  It is easy to see that homeownership is an enormous benefit to everyone.

Celebrate the American Dream during National Homeownership Month.  Homeownership – it’s the best investment in our future!

RVAR Dedicates Bench on the Greenway

RVAR recognizes the importance of our Greenways to the residents throughout the Valley. Our Greenways are helping improve the quality of life for many folks who take advantage of our vast Greenway system. And the importance of the Greenways has been evident recently in attracting and retaining businesses for the area.

Last year, RVAR's Board of Directors and Community Service Committee sought funding from the National Association of REALTORS®, through its Placemaking Grant program and the Virginia Association of REALTORS®, through its Community Engagement Grant program. With those two grants, a bench and handicap pad have been placed on the Greenway at the Hanging Rock Battlefield Trail overlooking Mason Creek. A brief dedication was held on April 21st with representatives from Roanoke County, the Greenway Commission, RVAR's Board of Directors and the Community Service Committee. This project is another way for the Roanoke Valley Association of REALTORS® to give back to our community. 


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