Virginia home sales slowed in February, down nine percent compared to last year. Alex Reed has the figures…
<<According to Virginia Realtors, about sixty-one hundred homes sold statewide, cutting total sales volume by nearly five percent. Despite the drop, prices continue to climb — the median sales price hit four hundred three thousand five hundred dollars, up nearly five percent. Active listings rose more than twenty-one percent, showing homes are staying on the market longer. Economists say uncertainty over federal jobs, mortgage rates, and winter weather may be driving the slowdown.>>