NRV Real Estate Numbers are Up - FOX 21/27 WFXR Roanoke/WWCW Lynchburg News, Weather

NRV Real Estate Numbers are Up

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The New River Valley has some encouraging home sales news.

Total sales increased 8.32 percent for the overall MSA in comparison to the first half of 2012.

  • From January - June in 2012: 721 homes were sold.
  • From January - June in 2013: 781 homes were sold.

The median prices is also up more than 10 percent.

  • 2012: $152,000
  • 2013: $167,900

Nest Realty agent Jeremy Hart says he is "cautiously optimistic" and expects the trend to continue for at least the next 18 months. He says the NRV housing market has not seen the extreme peaks and valleys the rest of the country has experienced. Hart says that's due in part to having Virginia Tech and Radford University in the area.

The New River Valley MSA includes the cities of Blacksburg and Christiansburg and the counties of Giles, Montgomery, and Pulaski.