Virginia
After Sluggish Year, Virginia’s Housing Market Ends on High Note | Williamsburg Yorktown Daily
RICHMOND — The Fall 2024 housing market continues to outpace last year’s according to the November 2024 Virginia Home Sales Report released by Virginia REALTORS.
Closed sales rose sharply as did pending sales in November, according to the largest trade association in Virginia. Home prices are still climbing in most areas of the state, and the supply of active listings continues to expand.
Virginia’s housing market saw a large surge in closed sales last month, with 7,853 homes sold statewide in November — 905 more sales than a year ago, a 13% increase.
“For two months in a row now, Virginia has seen double-digit growth in closed sales,” says Virginia REALTORS Chief Economist Ryan Price.
Pending sales remain above last year’s pace, the trrade association said. There were 6,863 pending sales statewide in November — an influx of 905 new contracts compared to this time last year, a 15.2% jump.
“This marks a strong ending to what has been an otherwise sluggish 2024 housing market for the commonwealth,” says Price.
Statewide, it added, there were 9,031 new listings in November — 845 more than the same time last year, reflecting a 10.3% increase.
“Growth in new listings has been consistently stronger than last year as more sellers are choosing to enter the market,” explained Virginia REALTORS 2025 President Lorraine Arora. “While our inventory of listings has expanded, it’s important to remember we’re looking at an inventory that is still about 40% smaller than it was this time five years ago.”
In total, Virginia REALTORS said at the end of November, there were 18,870 active listings on the market throughout Virginia, an increase of more than 12% over the previous year.
Price growth remains strong in most areas of the commonwealth, the trade association said. The median sales price in Virginia was $415,000 in November, jumping up $30,000 from November 2023, and unchanged from the previous month. About three-quarters of all local markets — 76% — had median price growth in November.
With home prices continuing their upward march and mortgage rates showing little sign of retreating, affordability remains a key concern in Virginia, the association cautioned.
The Virginia Home Sales Report is published by Virginia REALTORS. Click here to view the full November 2024 Virginia Home Sales Report.
Virginia Delegate Dan Helmer led fellow Democrats to major gains in November’s election. Now he’s turning his attention to the redistricting of the Commonwealth, and a run in the newly proposed 7th district. He joins Sydney Persing on The Final 5 to discuss.
FAIRFAX, Va. (7News) — Virginia State Police have identified the man who was shot and killed by a trooper after a crash ended in a stabbing attack on Interstate 495 Sunday afternoon.
Jared Llamado, 32, of McLean, died at the hospital on Sunday after he was shot.
RELATED | 2 dead, dog killed after stabbing spree, trooper shooting on I-495 in Fairfax County
Investigators said Llamado was confronted by the trooper who opened fire around 1:17 p.m. The trooper was responding to a report of a road rage incident and found Llamado with a knife, according to a news release.
Four stabbing victims, all women, were also found at the scene, along with a dog that was also stabbed.
Michelle Adams, 39, died from her injuries. The dog also did not survive. The three other women were all taken to the hospital with serious injuries, according to VSP. 7News is not identifying the surviving victims.
Investigators said the stabbings stemmed from a crash in the southbound lanes of I-495.
The trooper who opened fire was not hurt and is on leave pending the outcome of the investigation into the use of force.
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Investigators said they do not believe the attack is connected to terrorism.
Virginia
Two dead after I-495 road rage incident leads to stabbing, Virginia State Police shooting – WTOP News
A road rage incident led to a shooting involving the Virginia State Police on Sunday on Interstate 495. Four individuals were also stabbed.
Two people are dead Sunday in Annandale, Virginia, after a road rage incident led to a shooting involving Virginia State Police on Interstate 495.
A release issued by the Virginia State Police said a trooper fatally shot a man after responding to a report of a road rage incident on the southbound lanes of I-495 just before 1:30 p.m. at exit 52, near the Little River Turnpike.
The man, transferred to a hospital with serious injuries, has been pronounced dead. VSP said the trooper shot in self-defense after the man confronted him with a knife.
The trooper did not suffer any injuries during the altercation.
Officials found four stabbing victims at the scene, but only identified a 39-year-old woman and a dog. Both the woman and the dog died.
Early findings suggest the stabbings took place after a crash on the Capital Beltway. The crash remains under investigation.
The VSP’s release comes after the main lanes of the Capital Beltway Outer Loop, before Little River Turnpike, were closed to traffic for several hours, only recently opening the express lanes. Main lanes between Arlington Boulevard and the Little River Turnpike remain closed.
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