Virginia sees continued home sales growth in February as inventory improves

Home sales in Virginia rose 7.4% in February with 6,581 homes sold, driven by improved inventory and lower mortgage rates. The median sales price increased 1.6% to $410,000. Active listings grew over 9%, and median days on market rose to 23. Pending sales increased 5%. Despite global tensions causing mortgage rate volatility, buyer and seller activity remains strong, supporting a potentially busy spring market.