In a surprising turn of events, the Virginia real estate market has seen a significant uptick in sales during the month of February 2026. According to recent data released by the Virginia Association of Realtors, the state has experienced a record high number of home sales, with buyers flocking to the market in droves.One of the main factors contributing to the surge in sales is the continued low interest rates, which have made it more affordable for buyers to enter the market. Additionally, the strong economy in Virginia has boosted consumer confidence, leading to increased demand for homes in the state.In addition to high sales volume, the median home price in Virginia has also seen a substantial increase. The median home price in February 2026 was $350,000, up 8% from the same time last year. This rise in home prices can be attributed to the limited inventory available on the market, as well as the high demand from buyers.Real estate experts are optimistic about the future of the Virginia real estate market, predicting that the trend of high sales and rising home prices will continue throughout the year. However, they caution that buyers should act quickly if they are interested in purchasing a home, as the market is highly competitive and homes are selling quickly.Overall, the current state of the Virginia real estate market is strong, with record high sales and rising home prices. Buyers and sellers alike are taking advantage of the favorable market conditions, making it an exciting time for the real estate industry in the state.