Home Price Growth Slows to Pre-Pandemic Levels

After three years of rapid growth, the rise in home prices has slowed to pre-pandemic rates in Virginia. The Commonwealth's growth mirrors nationwide trends, according to data released yesterday by the Federal Housing Finance Agency.

Annual Change in Home Prices

Note: Data from the Federal Housing Finance Agency, House Price Index. Data from 2012 Q1 through 2023 Q2. Purchase only index, seasonally adjusted.