Virginia's housing market showed strong momentum in January 2026 with a 2.1% increase in home sales and a 14.4% rise in pending sales compared to last year. Mortgage rates remained steady in the low 6% range, supporting buyer activity. Inventory expanded by 9.4%, with active listings reaching 19,207. Median sales prices stabilized, days on market increased, and the sold-to-list price ratio hit a six-year low, indicating a more balanced market.
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