Roanoke Home Sales Report Shows Market Improvement - FOX 21/27 WFXR Roanoke/WWCW Lynchburg News, Weather

Roanoke Home Sales Report Shows Market Improvement

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New Roanoke home sale numbers show a positive trend, and right now, the Roanoke Valley is a buyer's market.

"Folks have had the best year this year that they have had since 2007," says Betty Kingery, president of The Roanoke Valley Association of Realtors.

RVAR tracks Roanoke City, Salem, Vinton, Roanoke County, Botetourt County, part of Bedford County and part of Franklin County.

As a whole, things appear to be looking good for everyone around the Roanoke Valley.

  Houses Sold Amount Spent on Purchases Average Home Price
September 2011 281 $44 million + $160,000 +
September 2012 296 $59 million + $200,000 +
September 2013 360 $71 million + $200,000

"I would rather it be gradual," Kingery says. "Then, it seems to be something that would be more stable."

Kingery says lenders are trying to work around government shutdown issues, but it will eventually impact real estate growth if it continues.