Home sales in Virginia dropped for the sixth consecutive month in February, as home-price appreciation posted stronger than normal gains, the Virginia Association of Realtors reported Tuesday. Closed sales fell 9.5 percent in February to 7,109, down from 7,856 for the same month last year. Year-to-date, 13,818 home sales have closed, 12 percent less than last year's year-to-date total of 15,743. Areas showing increases in closed transactions for the month included Harrisonburg-Rockingham County, Lynchburg, Martinsville/Henry County, Massanutten, Chesapeake Bay & Rivers, Richmond, Southwest Virginia, Hampton Roads, and the Greater Augusta County area. Virginia's median existing-home price for February soared to $190,125, up 23.1 percent from a year ago when the median pr...
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