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Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Housing sales grow in area at fastest clip in Virginia

The Fredericksburg and Northern Neck areas had the two highest growth rates in Virginia for housing sales in 2009, but also among the sharpest price drops. There were 4,167 homes sold in the Fredericksburg area last year, a 16.1 percent increase over 2008. Sales in the Northern Neck rose 40.1 percent to 538. None of Virginia’s other 24 real estate regions experienced a better percentage rise in sales last year, according to Virginia Association of Realtors data released today. Statewide, sales rose 1.6 percent in 2009.

See tomorrow’s FLS for the rest of the story, and click here to look at the data from the VAR.

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