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Midway Through 2024, Virginia Home Sales Activity Slightly Outpacing Last Year – Virginia REALTORS®

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Midway Through 2024, Virginia Home Sales Activity Slightly Outpacing Last Year – Virginia REALTORS®


 

According to the June 2024 Virginia Home Sales Report released by Virginia REALTORS®, there were 10,018 homes sold across the commonwealth last month. This is 974 fewer sales than June of last year.

Despite this month-over-month decline, overall sales activity across Virginia this year is slightly outpacing the first six months of 2023. This has occurred even with mortgage rates being higher than they were the first half of last year. “This year’s rise in home sales could suggest that some portions of the buyer pool are getting more acclimated to the higher rate environment,” says Virginia REALTORS® Chief Economist Ryan Price.

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In addition to higher mortgage rates, buyers continue facing the challenge of rising home prices. In June, the statewide median sales price reached $431,380, a 5% increase from the same time last year. This is an increase of more than $20,000, reflecting strong demand in the market.

Price growth trends are taking place across most of the commonwealth, with about 68% of Virginia’s county and city markets experiencing median price gains in June.

“Price growth continues to be a widespread trend in Virginia, and affordability challenges are brewing in some of our larger regional markets,” says Virginia REALTORS® CEO Terrie Suit. The largest median price increases in June were in the Southside region, parts of Northern Virginia, and the Richmond Metro Area.

“One bright spot for Virginia home buyers comes in the significant inventory gains we are seeing across the state,” says Virginia REALTORS® 2024 President Tom Campbell. “This growing inventory is providing more options for those buyers who are able to afford the combination of higher prices and mortgage rates.” In total, there were 18,340 active listings on the market at the end of June. This is an influx of 3,662 listings from this time last year—an increase of almost 25%.

Click here to view the full June 2024 Virginia Home Sales Report.

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Del. Dan Helmer on Virginia redistricting and congressional run

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Del. Dan Helmer on Virginia redistricting and congressional run


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. 



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Man shot, killed by Virginia trooper ID’d after crash ends in deadly stabbing attack

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Man shot, killed by Virginia trooper ID’d after crash ends in deadly stabbing attack


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.

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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.



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Two dead after I-495 road rage incident leads to stabbing, Virginia State Police shooting – WTOP News

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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.

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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.

Stay with WTOP for the latest developments.

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