In June, Virginia saw 10,775 home sales, up nearly 8% from last year, though year-to-date sales are slightly down 0.5%. Active listings rose 29.5% to 23,755, increasing inventory and extending median days on market from 8 to 12. The median home price rose 3.4% to $446,144, with total sales volume up 13% to $6.1 billion. Stable but high mortgage rates may keep some buyers cautious.
Continue to full article