Virginia home sales fell for the third consecutive month in November, while home prices posted another month of double-digit growth, the Virginia Association of Realtors reported this week. In November, 9,648 sales closed, an approximately 4.8 percent decrease from 10,129 reported in November 2004. Year-to-date, closed transactions remained slightly ahead of last year, with 126,325 sales closed compared with 124,381 for last year, a 1.56 percent increase. The areas showing greatest increases in closed transactions included the Charlottesville area, Harrisonburg-Rockingham County, Martinsville-Henry County, Massanutten, and South Central Virginia. "We expect that seasonal factors and higher mortgage interest rates were responsible for moderating sales," said VAR President Kit Hale of Roano...
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