The Northern Virginia housing market showed resilience in February with a 3.9% increase in closed sales and a 9.7% rise in total sold dollar volume year-over-year. Inventory grew by 11.8%, and months of supply increased by 10%, leading to homes spending 36.4% more time on the market. The median sold price slightly decreased by 1.7% to $720,500, indicating a shift toward a steadier, more balanced market.
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