Top Mega Teams in Virginia – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1EmpowerHomeKeller WilliamsChantilly, VA$925,565,686View Profile
    2The Hogan GroupThe Hogan Group Real EstateRichmond, VA$363,278,215View Profile
    3Debbie Dogrul AssociateseXp RealtyFairfax, VA$309,155,056View Profile
    4The Yeatman GroupLong & Foster Real EstateMidlothian, VA$283,884,701View Profile
    6The Redux GroupeXp Realty LLCFairfax, VA$197,350,349View Profile
    7Jennifer Young TeamKeller WilliamsChantilly, VA$186,177,485View Profile
    8Jenny Maraghy TeamCompassRichmond, VA$170,792,339View Profile
    9Keri Shull TeameXp RealtyArlington, VA$149,760,657View Profile
    11Cabell Childress GroupLong & Foster Real EstateRichmond, VA$136,960,817View Profile
    12Platinum Group Real EstatePlatinum Group Real EstateLeesburg, VA$134,928,978View Profile
    14The Kris Weaver TeamAtlantic Sotheby’s International RealtyVirginia Beach, VA$128,084,801View Profile
    15Mission RealtyMission RealtyRichmond, VA$126,367,867View Profile
    17William Close GroupKeller WilliamsAlexandria, VA$118,043,371View Profile
    23Next MoveKeller WilliamsStafford, VA$110,414,098View Profile
    30The Caza GroupKeller WilliamsReston, VA$90,716,499View Profile
    34Lonnie Bush Real Estate GroupLPT RealtyVirginia Beach, VA$76,512,764View Profile
    35BHG Native American Group TeamBetter Homes and Gardens Real Estate Native American GroupVirginia Beach, VA$75,397,027View Profile
    40The Wasz-Dukes Team AlexandriaKeller WilliamsAlexandria, VA$72,358,240View Profile
    73The Davis Group (Va)eXp RealtyMaidens, VA$51,278,742View Profile

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    2023 Virginia Housing Market Summary

    Virginia started 2023 with a total of 8,417 single-family homes on the market, with a median home price of $400,000 and an average price per square foot of $228. By the end of the year, inventory had increased to 8,589 homes on the market (+2%), with a median home price of $409,000 (+2%) and an average price per square foot of $235 (+3%).

    At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had remained the same at 63 days.

    Virginia started the year with 30% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Virginia homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Virginia started 2023 as a strong seller’s market, with an MAI score of 49; by the end of the year, the MAI had dropped to 39 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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