Home sales in Virginia were up 12 percent in February from January, with a staggering median sales price: $410,000.
These numbers were reported on Friday by the Virginia Association of REALTORS® in its February 2026 Virginia Home Sales Report.
You want to know why the average person can’t afford to buy a house?
The best you’re going to do there for a mortgage is $2,200 a month.
The median annual household income in Augusta County is $82,049.
The mortgage calculators suggest you can afford a home in the $255,000-$270,000 range.
Which isn’t $410,000, not by a long shot.
“February’s data shows that Virginia’s housing market entered 2026 with solid momentum,” said Virginia REALTORS® Chief Economist Ryan Price.
Momentum for those who already have homes, and are looking to sell and eventually trade up.
“Higher inventory, steady buyer interest, and softer price growth were setting the stage for a busier spring season,” Price said. “However, the recent geopolitical tensions stemming from the Iran war have already pushed mortgage rates upward and created volatility in the bond market. How high mortgage rates climb will play a major role in determining whether the spring market maintains its pace or slows.”
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Chris Graham
