Climbing Prices and Mortgage Rates Dampen Virginia's Spring Housing Market

Sales activity in Virginia's housing market slowed down in March, with 7.3% fewer homes sold compared to last year. Despite the decline in sales volume, home prices continued to rise, with the statewide median sales price increasing by 7.3%. The low supply of homes is putting upward pressure on prices, leading to affordability concerns for buyers.

Which Homes Can You Afford?