NRVA of Realtors
This Radford house sold for more than listed price - with multiple offers.
Buyers best be quick in this seller’s market By Nanette Levin What some local REALTOR organizations think about the current state of the market. Submitted photo
Laura Benjamin
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t NOVEMBER 2020 / vbFRONT.com
There’s unprecedented demand for homes in Southwestern Virginia. “It’s an incredibly active, robust market in all areas of the greater Roanoke Valley, which includes Smith Mountain Lake,” says Laura Benjamin, Chief Executive officer of Roanoke Valley Association of REALTORS. “We’re breaking records every month: number of homes sold, number under contract, many homes get multiple offers. We are also seeing an increase in the average price of houses.” Walter Grewe, President for the Roanoke Valley Association of REALTORS adds, “buyer demand is through the roof right now.” He cites low interest rates driving a demand that’s reduced average time on the market by about half.
