Virginia recorded 10,940 closed home sales in May, a 2.7% increase from the previous year. Pending sales rose 3.5%, with active listings up nearly 10% and new listings 6% higher. The median sales price reached $452,060, up 2.7%, with a median of 10 days on market. Sold dollar volume grew 8.6% to about $6.3 billion, reflecting steady buyer demand despite persistent mortgage rates.