Roanoke Housing Market Improves

Housing markets continue to improve nationwide and here in Roanoke, VA. In August 2011 there were 4,290 homes for sale in the Valley. This August, there were 3737, a 13.1% drop. Less inventory means higher prices, as long as demand remains steady or increases. In fact, Demand rose 8.4% when comparing August 2011 to August 2012. This all points to the return of appreciation. Buyers-the time to make a move is NOW! Five years from now, people will be saying “I wish I bought back in 2012.”

Thanks! You've already liked this