Virginia home sales in February rose 7.4% year-over-year to 6,581, with a nearly 12% increase month-over-month. Pending sales increased 5%, new listings grew 6.3%, and active listings rose over 9%. Median days on market increased to 23 from 17, while the median sales price rose 1.6% to $410,000. The sold-to-list price ratio was 99.2%. Geopolitical tensions have caused mortgage rate volatility, impacting market momentum.
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