More People Moved to Virginia Than Out of the State Last Year
November 6, 2024 - Sejal Naik
Welcome Virginia REALTORS®
Virginia REALTORS® focused this week’s member survey on the impact COVID-19 is having on the housing market in Virginia as we head into June. In addition, we wanted to know what Virginia REALTORS® think the impact of Phase 1 of the Governor’s reopening plan will be on their local housing markets. This survey suggests that the market is performing much better than it was two months ago, at the beginning of the pandemic, and many REALTORS® expect that Phase 1 of the reopening plan will help the real estate industry. This week, we received responses from 796 Virginia REALTORS®.
Highlights from the May 29-30, 2020 survey include:
Respondents to the survey were asked how much an impact they thought Phase 1 of the Governor’s reopening plan for Virginia will have on their local housing market. About 55% of Virginia REALTORS® say that Phase 1 will have a major or modest positive impact on local housing markets. About 30% say they expect no real impact. About 3% say that they expect Phase 1 to have a negative impact on their local housing market, and about 12% say that they do not know or are not sure.
A note about surveys: This is not a randomized sample survey of Virginia REALTORS® members. However, the number of responses and the geographic coverage of respondents make it possible to draw conclusions about the population of Virginia REALTORS® conducting business in the prior week with a certain level of confidence. These statistics from this survey have a margin of error of +/- 3.5%.
Virginia REALTORS® will continue to monitor the economy and housing market in Virginia. New information is updated on the Virginia REALTORS® website. Each Thursday afternoon at 4:00 p.m., we will host a Facebook Live on the impact of COVID-19 on the economy and the housing market. For more information, please contact Lisa Sturtevant at lsturtevant@virginiarealtors.org.
November 6, 2024 - Sejal Naik
November 4, 2024 - Abel Opoku-Adjei
October 23, 2024 - Virginia REALTORS®