Local Home Sales Rebound in Tri-Cities

Image from sfadden

The Progress-Index posted a story today about the growth of home sales in the Tri-Cities area.

"Home sales in the Tri-Cities posted a solid rebound in the second quarter, helped by tax credits and low interest rates, though sales and prices remained well below the levels of a year earlier.

In the three months ended June 30, 1,140 homes changed hands in the region, up a sharp 56 percent from the first three months of the year, according to newly released figures from the Southside Virginia Association of Realtors. Excluding Chesterfield County, 223 homes were sold in the June quarter, a 26 percent increase from the January-March period.

The increase in existing-home sales was not unexpected, as the April-June quarter usually is the strongest sales period of the year. However, the 26 percent quarter-to-quarter jump was much bigger than the 19 percent increase registered in the second quarter of last year."

Read full story to see home sales statistics for your hometown.

Posted on Tuesday, July 28, 2009 - 12:08pm