N.Va. home sales robust before winter slide - 2004-01-07
Even though the market was going toward its traditional winter slump, statewide home sales rose 4.8 percent in November, with the average sales price showing double-digit increases compared to a year before.
For the first 11 months of the year, home sales were up 9.8 percent statewide, to 112,019.
Low mortgage rates, along with a better job market and a growing number of households, are the reasons behind this year's record housing activity.
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