Housing sales picked up in the second quarter of 2025, with 340 closed sales regionwide, nine more than last year, an increase of 3 percent, according to a report from the Chesapeake Bay & Rivers Association of Realtors.
CBRAR is the local Realtor association for Gloucester, Mathews, Middlesex, the portion of King and Queen County known as the Buena Vista District and the portion of King William County known as West Point.
According to the recently released quarterly report, home prices are still climbing in most areas in the CBRAR footprint. The regionwide median sales price was $367,053 in the quarter, about $8,100 higher than a year ago.
More listings came into the market in the area. There were 405 active listings at the end of the second quarter, 55 more than a year ago.
Virginia’s job market had modest growth in May. There were approximately 1,200 more jobs statewide in May compared to April. The unemployment rate in Virginia rose to 3.5 percent in May (not seasonally adjuste...