Category: Market Statistics

Northern Virginia Inventory Rises Again as Home Sales Decline and Prices Increase 

Active listings climb 30.7% year over year, driven by continued growth in condo and townhome inventory, while the median sold price rises 4.2%. 

FAIRFAX, Va. (October 16, 2026) – Northern Virginia’s housing market continued to see a substantial increase in available homes in September, extending a trend of growing condo and townhome inventory that has persisted for the past two months. Active listings rose 30.7% compared to September 2025, driven by a 49.7% year-over-year increase in condo and townhome inventory. Meanwhile, closed sales declined 7.5%, while the median sold price increased 4.2%, according to the Northern Virginia Association of Realtors® (NVAR). 

The growing inventory is giving buyers more properties to consider, particularly in the condo and townhome segments. However, the increase in available homes has not translated into more closed sales or lower median prices. September’s results point to a market in which buyers have more options, but high housing costs and limited overall supply continue to shape the path to homeownership. 

“Northern Virginia has seen condo and townhome inventory grow over the past two months, and September’s numbers confirm that this is an ongoing shift in the market,” said NVAR CEO Ryan McLaughlin. “More available properties can give buyers greater choice and more opportunities to find a home that fits their needs. But the decline in closed sales, alongside continued price growth, shows that additional inventory does not automatically make homeownership more attainable. Affordability remains a significant consideration, particularly for first-time buyers, and expanding the supply of housing across a range of prices and types will be essential to meeting the needs of our region.” 

A total of 1,250 homes closed in September 2026, a 7.5% decrease from September 2025. Despite the growth in available listings, fewer transactions were completed than a year earlier. The contrast suggests that adding homes to the market is not, in and of itself, enough to generate more sales. Affordability, financing costs and whether available properties meet buyers’ needs all continue to influence purchasing decisions. 

The total volume of homes sold reached $1,105,117,806 in September, down 8.7% compared to the same month last year. The steeper decline in sales volume compared to the 7.5% drop in closed sales reflects a decrease in the overall dollar value of completed transactions. This points to a less active market than a year ago, despite the increase in available listings. 

The median sold price was $744,950 in September 2026, an increase of 4.2% from September 2025. Prices continued to rise even as sales activity declined, indicating that the market’s increased inventory has not eased upward pressure on home values. While buyers have more listings to consider, the median price remains a significant financial hurdle for many households seeking to purchase a home in Northern Virginia. 

Average days on market remained unchanged at 28 days compared to September 2025. Even with substantially more homes available, properties took about the same amount of time to sell as they did a year earlier. This suggests that the additional inventory has expanded buyer choice without producing a broad slowdown in the pace of sales. 

The composition of the growing inventory varies significantly by property type. Condo and townhome inventory continued their upward trend for the third consecutive month, while inventory for detached homes increased just 5.7% year over year. Months of supply reached 2.5 in September, an increase of 29.5% compared to September 2025. Although supply has expanded, 2.5 months remains below the roughly five to six months commonly associated with a balanced housing market, indicating that overall inventory remains relatively tight. 

“The composition of the new inventory is an important part of this story,” McLaughlin said. “The significant growth in condo and townhome listings gives buyers more options in those segments, while the much smaller increase in detached homes shows that the change is not uniform across the market. More listings are a welcome development, but we need to continue expanding housing choices across property types and price points. That is especially important in a region where home prices remain high, and many prospective buyers are still working to find a home they can afford.” 

In neighboring Loudoun County, closed sales fell 17.8% year over year to 338 in September 2026, while total sales volume declined 18.6% to $288,344,660. The median sold price edged up 0.8% to $758,500, indicating that home values continued to rise despite weaker sales activity. Average days on market increased 6.9% to 31 days, while active listings climbed 34.1% to 1,031. Months of supply reached 2.41, up 37.7% compared to September 2025. As in the broader Northern Virginia market, Loudoun County saw more homes available for sale alongside fewer completed transactions, although the decline in sales was steeper. 

September’s results illustrate the challenges and opportunities in a changing housing market. The continued growth in condo and townhome inventory is expanding buyer choice, but declining sales, rising prices and relatively limited overall supply show that more housing options are still needed. NVAR’s NOVA Housing Supply Framework addresses this need by advancing locally adaptable strategies to increase housing opportunities and support a broader range of housing choices across Northern Virginia. 

Background 

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are September 2026 regional home sales compared to September 2025 for Northern Virginia, with data derived from Bright MLS as of October 12, 2026 (total sales and listings may not include garage/parking spaces): 

• The number of closed sales in September 2026 was 1,250 units. This was a 7.5% decrease compared to September 2025.  

• The volume sold in September 2026 was 1,105,117,806. This was an 8.7% decrease compared to September 2025.   

• The median sold price in September 2026 was $744,950. This was up 4.2% compared to September 2025. 

• The average days on market was 28 days in September 2026. This was unchanged compared to September 2025.  

• The number of new pending sales in September 2026 was 1,204 units. This was down 16.2% compared to September 2026.   

• The number of active listings in September 2026 was 3,477 units. This number was up 30.7% compared to September 2025.  

• The months of supply of inventory in September 2026 was 2.5. This was up 29.5% compared to September 2025  

NVAR Charts, Graphs, Social Media for September 2026 NVAR Housing Stats   

September Housing Data: Click here.  

Regional Jurisdiction Infographic: Click here.  

NVAR Region Infographic: Click here. 

2026 Mid-Year Regional Housing Market Forecast: Click here. 

These links are accessible from the Market Stats page here: Click here. 

About NVAR 

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com.  

Follow us on X: @nvar  

Visit us on Facebook: facebook.com/nvar.realestate   

Join us on LinkedIn: NVAR 

Follow us on Instagram: nvarofficial 

Northern Virginia Housing Market Remains Tighter Than National Market

Sales decline and prices rise modestly in both markets, but Northern Virginia has less supply

FAIRFAX, Va. (September 21, 2026) — Northern Virginia’s housing market continued to share several characteristics with the national market in August, including declining closed sales, modest year-over-year price growth, and unchanged days on market. However, the amount of available housing remained notably lower in Northern Virginia, even as local inventory grew at a faster rate than the national market, according to the Northern Virginia Association of Realtors® (NVAR).

The number of closed sales in Northern Virginia totaled 1,324 in August, an 8.0% decrease from August 2025. Nationally, 3.98 million homes were sold, a 1.2% decrease from the same month last year. While both markets experienced a decline in sales activity, the decrease was more pronounced in Northern Virginia. The comparison points to a slower pace of transactions locally, even as the broader housing market also experienced a year-over-year decline in sales.

“August’s numbers tell us that Northern Virginia is moving in the same general direction as the national housing market, but the local market continues to have its own dynamics,” said NVAR CEO Ryan McLaughlin. “Sales were down both locally and nationally, reflecting the continued challenges buyers and sellers face in today’s market. At the same time, Northern Virginia’s inventory story is more nuanced than simply saying there are more homes available. We are seeing meaningful growth in condos and townhomes, while the supply of detached homes has declined.”

Despite the decline in sales, prices continued to move higher in both markets. The median sold price in Northern Virginia was $765,000 in August, a 2.0% increase from August 2025. Nationally, the median sold price was $429,100, up 1.6% year over year. Both markets therefore experienced modest price growth despite declining sales, with Northern Virginia’s median price increasing slightly faster than the national figure. The comparison shows that home prices continue to edge higher in both markets even as the pace of transactions slows.

Days on market further illustrates the similarities between the two markets. Homes in Northern Virginia spent an average of 26 days on the market in August, unchanged from August 2025. Nationally, the average was 31 days, also unchanged from a year ago. The five-day difference indicates that homes in Northern Virginia continued to sell somewhat faster than the national average, while the lack of year-over-year change in either market points to a relatively stable pace of market activity.

Active listings in Northern Virginia totaled 2,932 in August, an 18.5% increase from August 2025. National inventory increased 5.9% over the same period, reaching 1.62 million units. Northern Virginia’s inventory therefore grew at more than three times the national rate. However, the composition of that growth is important: local inventory gains were driven primarily by condos and townhomes, while detached-home inventory declined. The comparison shows that Northern Virginia is adding inventory at a substantially faster rate than the nation, but the increase is concentrated in particular housing segments rather than distributed evenly across the market.

Months of supply provides the clearest measure of the difference between the two markets. Northern Virginia had 2.08 months of supply in August, up 14.7% from August 2025. Nationally, months of supply reached 4.9, an increase of 6.5% year over year. Despite Northern Virginia’s increase in available inventory, the region had less than half the national months of supply, demonstrating that the local market remains considerably tighter relative to the pace of sales.

“Northern Virginia’s inventory growth is an important development, but the number alone does not tell the full story,” McLaughlin said. “The market is gaining supply, particularly in the attached-home segments, but buyers are not seeing the same level of choice that exists nationally. With 2.08 months of supply locally, compared with 4.9 months nationally, Northern Virginia remains much more constrained. That distinction helps explain why prices continue to edge higher even while sales are down. The market is changing, but it is changing through a gradual expansion of choices, particularly among condos and townhomes, rather than a broad-based increase across every type of home.”

Overall, the August data show Northern Virginia and the national housing market moving in similar directions, with sales declining, prices rising modestly and days on market remaining unchanged. The key distinction is the level and composition of available supply. Northern Virginia is adding inventory at a substantially faster year-over-year rate than the nation, but its 2.08 months of supply remains well below the national 4.9 months. For Northern Virginia, August was another month of gradual change: buyers have more choices than they did a year ago, but the market remains considerably tighter than the national housing market, particularly when inventory is measured against the pace of sales.

Background

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are August 2026 regional home sales compared to August 2025 for Northern Virginia, with data derived from Bright MLS as of September 10, 2026 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in August 2026 was 1,582 units. This was a 1.9% decrease compared to August 2025.
• The volume sold in August 2026 was $1,431,719,290. This was a 1.4% increase compared to August 2025.
• The median sold price in August 2026 was $750,000. This was down 1.3% compared to August 2025.
• The average days on market was 21 days in August 2026. This was up 5.0% from August 2025.
• The number of new pending sales in August 2026 was 1,354 units. This was down 7.2% compared to August 2025.
• The number of active listings in August 2026 was 3,025 units. This number was up 19.6% compared to August 2025.
• The months of supply of inventory in August 2026 was 2.13. This was up 14.8% compared to August 2025.

NVAR Charts, Graphs, Social Media for August 2026 NVAR Housing Stats  

August National Comparison: Click here.

August Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

2026 Mid-Year Regional Housing Market Forecast: Click here.

These links are accessible from the Market Stats page here: Click here.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

Follow us on X: @nvar

Visit us on Facebook: facebook.com/nvar.realestate 

Join us on LinkedIn: NVAR

Follow us on Instagram: nvarofficial

Northern Virginia Inventory Story Continues in August as Condos and Attached Homes Lead Growth

More buyer choice comes as closed sales decline 8% and the median price rises 2%

FAIRFAX, Va. (September 14, 2026) — Northern Virginia’s housing market continued the inventory trend seen in July, with condos and attached homes driving much of the increase in available properties in August and giving buyers more choice even as closed sales declined, according to the Northern Virginia Association of Realtors® (NVAR).

There were 1,324 closed sales in August, an 8.0% decrease from August 2025. The decline indicates that demand is not translating into as many transactions as it did a year ago, even as buyers have more opportunities in certain segments of the market.

“The decline in closed sales tells us that buyers are not moving into the market at the same pace they were a year ago,” said NVAR CEO Ryan McLaughlin. “There are a number of factors behind that, including affordability, financing costs, and the personal circumstances that determine when someone is ready to buy. These factors continue to influence purchasing decisions and the pace at which buyers are able to move forward.”

The volume of homes sold in August was $1.195 billion, a 6.4% decrease from August 2025. Dollar volume declined less than the number of transactions, reflecting the higher prices of homes that sold. While fewer homes changed hands, the market continued to generate substantial sales volume.

The median sold price was $765,000 in August, up 2.0% from August 2025. The increase shows that the slowdown in sales has not resulted in broad downward pressure on prices. Homes that are selling continue to command higher prices than they did a year ago, indicating that demand remains for properties that meet buyers’ needs and expectations.

The average number of days homes spent on the market was 26 days, unchanged from August 2025. The stability in days on market indicates that homes that attract buyers are continuing to move at about the same pace as they did a year ago, even as overall transaction activity has declined.

Active listings totaled 2,932 units in August, an 18.5% increase from August 2025. As in July, the increase was driven largely by condos and attached homes, giving buyers greater choice in those segments. The continued growth in these property types represents a meaningful shift from the limited selection that has characterized much of the Northern Virginia market in recent years.

Detached listings fell 8.5%, from 1,091 in August 2025 to 998 in August 2026, while attached inventory increased by 550 listings, or 39.7%, from 1,384 to 1,934. Condo inventory grew 44.8%, from 915 to 1,325 listings, while townhome inventory rose 29.9%, from 469 to 609 listings. As a result, detached homes represented a smaller share of available inventory, declining from about 28% to 21%, while condos increased from about 24% to 27%. The shift means buyers seeking condos, townhomes and other attached properties have substantially more options than they did a year ago, while those looking for detached homes have fewer choices.

“More inventory gives buyers an opportunity to compare properties and determine what best fits their needs,” said NVAR President Rob Carney, Sotheby’s International Realty. “For sellers, it also means they need to pay closer attention to how their property is positioned in the market. The increase in condos and attached homes is particularly important because it is expanding the choices available to buyers in those segments. The market remains active, but buyers have more options than they did a year ago.”

The months of supply increased to 2.08 in August, up 14.7% from August 2025. The increase reflects the growth in available homes relative to the pace of sales. Even with that growth, the market remained below the level typically associated with a fully balanced market, indicating that Northern Virginia has not moved into an oversupplied environment.

“August reinforces the shift we began seeing in July,” McLaughlin said. “More homes are coming onto the market, particularly condos and attached properties, giving buyers more opportunities to choose from. But that increase in inventory has not resulted in more sales. At the same time, prices continue to hold up, which tells us there is still demand for the homes buyers want. The market is becoming more nuanced, and the differences among property types are increasingly important.”

In neighboring Loudoun County, the market showed a similar pattern of fewer sales alongside more available homes. Closed sales fell 16.9% to 432 units and dollar volume declined 15.7% to $379.9 million, while the median sold price increased 0.9% to $771,250. Average days on market increased 4.3% to 24 days, active listings rose 17.6%, and months of supply increased 18.7% to 2.09 months. The combination of slower sales, higher prices and more available homes indicates that Loudoun buyers are also gaining more choice while sellers continue to benefit from sustained demand.

August’s results show that the inventory trend emerging in July is continuing, particularly among condos and attached homes. Buyers have more choices in those segments, while overall sales activity has declined and the median price has increased. With days on market holding steady and demand continuing to support prices, the August data point to a market that is becoming more selective without losing the underlying demand for housing.

The August inventory trends also highlight the importance of expanding housing supply across a range of housing types. NVAR’s NOVA Housing Supply Framework addresses this need by advancing locally adaptable strategies to increase housing opportunities and support a broader range of housing choices across Northern Virginia.

NVAR’s recently released 2026 Mid-Year Housing Market Forecast Briefing provides additional analysis of regional trends and the outlook for the months ahead.

Background

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are August 2026 regional home sales compared to August 2025 for Northern Virginia, with data derived from Bright MLS as of September 10, 2026 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in August 2026 was 1,582 units. This was a 1.9% decrease compared to August 2025.
• The volume sold in August 2026 was $1,431,719,290. This was a 1.4% increase compared to August 2025.
• The median sold price in August 2026 was $750,000. This was down 1.3% compared to August 2025.
• The average days on market was 21 days in August 2026. This was up 5.0% from August 2025.
• The number of new pending sales in August 2026 was 1,354 units. This was down 7.2% compared to August 2025.
• The number of active listings in August 2026 was 3,025 units. This number was up 19.6% compared to August 2025.
• The months of supply of inventory in August 2026 was 2.13. This was up 14.8% compared to August 2025.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

Follow us on X: @nvar

Visit us on Facebook: facebook.com/nvar.realestate 

Join us on LinkedIn: NVAR

Follow us on Instagram: nvarofficial

Northern Virginia Housing Market Diverges from National Trends in July

Inventory rises nearly 20% locally as sales and prices soften, while national market posts modest gains

FAIRFAX, Va. (August 20, 2026) — Northern Virginia’s housing market continued to diverge from national trends in July, with a significant increase in available homes giving buyers more choices while sales and prices edged lower, according to the Northern Virginia Association of Realtors®. The contrast was particularly pronounced in inventory. Northern Virginia active listings increased 19.6% from a year ago, while national inventory declined 0.6%. Locally, the growth in inventory was driven primarily by condos and attached homes.

“The Northern Virginia housing market is moving in a different direction from the national market, and the biggest difference is the amount of choice available to buyers,” said NVAR CEO Ryan McLaughlin. “Our inventory growth is being driven largely by condos and attached homes, which is particularly meaningful in a region where affordability remains a major consideration for buyers. At the same time, sales and prices are slightly below last year, telling us that buyers have more options and are taking a more selective approach. This is a meaningful change from the highly competitive conditions that have characterized much of our market in recent years.”

Northern Virginia recorded 1,582 closed sales in July, a 1.9% decrease from July 2025. Nationally, closed sales increased 0.7% to 4.06 million. The difference suggests that the increase in local housing supply has not yet translated into stronger transaction activity. While the national market is seeing modest improvement in sales, Northern Virginia buyers appear to be moving more cautiously, with greater inventory allowing them to be more deliberate about when and what they purchase.

The median sold price in Northern Virginia was $750,000, down 1.3% from July 2025, compared with a 2.0% increase nationally to $431,400. The local decline, occurring alongside a substantial increase in inventory, indicates that greater buyer choice is easing some of the upward price pressure seen in tighter market conditions. Northern Virginia remains a significantly higher-priced market than the nation overall, but July’s numbers suggest that additional supply is contributing to a more measured local pricing environment.

Homes in Northern Virginia spent 21 days on the market in July, up 5.0% from a year ago, while the national days-on-market figure was 29 days, up 3.6%. Although homes are taking slightly longer to sell in both markets, Northern Virginia properties continue to move eight days faster than the national market. The modest increase in local marketing time, coupled with the sharp rise in inventory, indicates that buyers are gaining more time to evaluate their options without the region experiencing the slower sales pace seen nationally.

The difference in inventory is the clearest indication of how the two markets are evolving. Northern Virginia ended July with 3,025 active listings, up 19.6% year over year, while the national market had 1.54 million active listings, down 0.6%. Northern Virginia’s inventory growth was concentrated in condominiums and attached homes, giving buyers more opportunities in property types that can offer a lower entry point than detached homes. Nationally, the decline in active listings combined with rising sales and prices suggests that supply remains relatively constrained despite modest improvement in market activity.

Northern Virginia’s 2.13 months of supply was up 14.8% from July 2025, compared with 4.6 months nationally, which was unchanged from a year ago. The comparison shows that Northern Virginia remains considerably tighter than the national market despite its recent inventory growth. In other words, the region is gaining supply and moving toward greater balance, but it has not reached the level of inventory available to buyers nationally.

“July’s numbers reinforce that Northern Virginia is entering a new phase of the housing cycle,” McLaughlin said. “We’re not seeing a wholesale shift in demand; we’re seeing a market where inventory is growing in some segments while remaining incredibly constrained in others. Buyers are finding more choices among condos and attached homes, while the supply of single-family detached homes remains very limited. The market is still moving, but the dynamics vary significantly depending on the type of home buyers are seeking.”

Overall, July’s data show a Northern Virginia housing market increasingly defined by choice and selectivity rather than scarcity, in contrast with a national market where sales and prices are posting modest gains and inventory remains essentially flat. The continued growth in local inventory among condos and attached homes could provide additional opportunities for buyers in the months ahead, while the direction of sales activity will be an important indicator of whether greater supply ultimately draws more buyers into the market.

The July inventory trends also highlight the importance of expanding housing supply across a range of housing types. NVAR’s NOVA Housing Supply Framework addresses this need by advancing locally adaptable strategies to increase housing opportunities and support a broader range of housing choices across Northern Virginia.

NVAR’s recently released 2026 Mid-Year Housing Market Forecast Briefing provides additional analysis of regional trends and the outlook for the months ahead.

Background

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are July 2026 regional home sales compared to June 2025 for Northern Virginia, with data derived from Bright MLS as of August 10, 2026 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in July 2026 was 1,582 units. This was a 1.9% decrease compared to July 2025.
• The volume sold in July 2026 was $1,431,719,290. This was a 1.4% increase compared to July 2025.
• The median sold price in July 2026 was $750,000. This was down 1.3% compared to July 2025.
• The average days on market was 21 days in July 2026. This was up 5.0% from July 2025.
• The number of new pending sales in July 2026 was 1,354 units. This was down 7.2% compared to July 2025.
• The number of active listings in July 2026 was 3,025 units. This number was up 19.6% compared to July 2025.
• The months of supply of inventory in July 2026 was 2.13. This was up 14.8% compared to July 2025.

NVAR Charts, Graphs, Social Media for July 2026 NVAR Housing Stats  

July National Comparison: Click here.

July Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

2026 Mid-Year Regional Housing Market Forecast: Click here.

These links are accessible from the Market Stats page here: Click here.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

Follow us on X: @nvar

Visit us on Facebook: facebook.com/nvar.realestate 

Join us on LinkedIn: NVAR

Follow us on Instagram: nvarofficial

Northern Virginia Housing Inventory Grows, Led by Condos and Attached Homes

More choices are emerging for buyers, while detached-home inventory remains tight

FAIRFAX, Va. (August 12, 2026) – Northern Virginia’s housing market saw a significant increase in available inventory in July, but the growth was concentrated among condos and attached homes, while the supply of detached homes remained tight, according to the Northern Virginia Association of Realtors® (NVAR).

Active listings increased to 3,025 units in July, up 19.6% from a year ago. However, the overall increase varies significantly by property type. Condo inventory rose 41.1% to 1,274 units, while attached-home inventory increased 33.0% to 617 units. In contrast, detached home inventory declined 2.5% to 1,134 units.

The shift means buyers have substantially more choices in the condo and attached-home segments, while those looking for detached homes continue to face a more limited selection. The increase in overall inventory also pushed the months of supply of inventory to 2.13, up 14.8% from July 2025, providing buyers with more options and flexibility in much of the market.

“July’s inventory numbers tell a more nuanced story than simply saying there are more homes available,” said NVAR CEO Ryan McLaughlin. “Buyers looking for condos and attached homes have significantly more choices than they did a year ago, while the supply of detached homes remains tight. That distinction is important as consumers evaluate their options and make decisions based on the type of home they want.”

The changing inventory picture is also reflected in market activity. The average number of days homes spent on the market increased to 21 days, up 5.0% year-over-year, while the median sold price was $750,000, down 1.3% from July 2025. Closed sales totaled 1,582, a 1.9% decrease from July 2025, while total sold dollar volume reached $1.43 billion, a 1.4% increase year-over-year.

Together, the data points to a market where buyers are gaining more choice in certain segments, while demand continues to support substantial sales activity and overall housing values. The increase in inventory is giving buyers more room to evaluate options, but the experience varies considerably depending on the type of property.

For sellers, the growing supply of condos and attached homes means buyers have more properties to compare, making pricing and presentation increasingly important in those segments. Sellers of detached homes, however, continue to operate in a market with relatively limited inventory.

“Inventory growth is creating more opportunities for buyers, but it’s important to look at where that growth is happening,” said NVAR President-Elect Christina Rice, Pearson Smith Realty. “There are significantly more condos and attached homes available than there were a year ago, while detached-home inventory has actually declined. Buyers and sellers should understand those differences when evaluating the market and determining their strategy.”

Loudoun County’s housing market continued to show price growth in July, even as sales activity remained relatively flat. There were 510 closed sales in July 2026, a 1.0% decrease from July 2025, while total sold dollar volume increased 1.1% to $458.4 million. The median sold price rose 7.4% year-over-year to $813,000. Homes spent an average of 21 days on the market, up 5.5% from last year, while active listings increased 8.5% to 868 units. The months of supply of inventory increased 6.3% to 1.96 months. Overall, Loudoun County’s July market reflected continued price growth alongside gradually expanding inventory.

The July data reinforce that Northern Virginia’s housing market is evolving, but not uniformly across all property types. Buyers have significantly more inventory to consider in the condo and attached-home markets, while detached-home supply remains constrained. As the market moves through the second half of 2026, the pace and composition of inventory growth will be important factors shaping opportunities and decisions for both buyers and sellers.

The July inventory trends also highlight the importance of expanding housing supply across a range of housing types. NVAR’s NOVA Housing Supply Framework addresses this need by advancing locally adaptable strategies to increase housing opportunities and support a broader range of housing choices across Northern Virginia.

NVAR’s recently released 2026 Mid-Year Housing Market Forecast Briefing provides additional analysis of regional trends and the outlook for the months ahead.

Background

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are July 2026 regional home sales compared to June 2025 for Northern Virginia, with data derived from Bright MLS as of August 10, 2026 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in July 2026 was 1,582 units. This was a 1.9% decrease compared to July 2025.
• The volume sold in July 2026 was $1,431,719,290. This was a 1.4% increase compared to July 2025.
• The median sold price in July 2026 was $750,000. This was down 1.3% compared to July 2025.
• The average days on market was 21 days in July 2026. This was up 5.0% from July 2025.
• The number of new pending sales in July 2026 was 1,354 units. This was down 7.2% compared to July 2025.
• The number of active listings in July 2026 was 3,025 units. This number was up 19.6% compared to July 2025.
• The months of supply of inventory in July 2026 was 2.13. This was up 14.8% compared to July 2025.

NVAR Charts, Graphs, Social Media for July 2026 NVAR Housing Stats  

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

2026 Mid-Year Regional Housing Market Forecast: Click here.

These links are accessible from the Market Stats page here: Click here.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

Follow us on X: @nvar

Visit us on Facebook: facebook.com/nvar.realestate 

Join us on LinkedIn: NVAR

Follow us on Instagram: nvarofficial

Northern Virginia Housing Market Extends Its Lead Over National Trends in June

Local home sales, prices, and inventory all posted stronger year-over-year gains than the national market while homes continued to sell more quickly.

FAIRFAX, Va. (July 16, 2026) — Northern Virginia’s housing market continued to distinguish itself from national trends in June 2026, with stronger growth in home sales, home prices, and inventory while maintaining a significantly faster sales pace than the broader U.S. market, according to the Northern Virginia Association of Realtors® (NVAR). The month’s performance underscores the region’s enduring appeal to buyers and sellers, even as market conditions continue to evolve.

A total of 1,919 homes closed in Northern Virginia during June, a 3.9% increase compared to June 2025. Nationally, existing home sales increased 2.8% year over year to a seasonally adjusted annual rate of 4.09 million homes. While both markets experienced increased sales activity, Northern Virginia’s stronger growth signals continued buyer confidence and sustained demand in one of the nation’s most competitive housing markets.

The median sold price in Northern Virginia climbed to $810,000, a 5.2% increase from one year ago. Nationally, the median existing home price reached $440,600, up 1.8% over the same period. The region’s higher rate of appreciation reflects the continued desirability of Northern Virginia communities and the persistent imbalance between buyer demand and available housing.

“June’s numbers reinforce what we’ve been seeing throughout the year, which is Northern Virginia’s housing market continues to operate on its own trajectory,” said NVAR CEO Ryan McLaughlin. “Demand remains remarkably steady, and even as inventory gradually improves, buyers continue to move quickly when the right home comes to market. That’s a testament to the strength of our region’s economy, the quality of our communities, and the long-term confidence people have in Northern Virginia.”

Homes also continued to sell faster locally than across the country. The average days on market in Northern Virginia fell to 19 days, a 5.0% decrease from June 2025. Nationally, homes spent 28 days on the market, an increase of 3.7% from one year earlier. The contrast highlights the continued urgency among Northern Virginia buyers, where desirable homes continue to attract strong interest despite higher prices.

Inventory growth provided another encouraging sign for the local market. Active listings increased to 2,816 homes, a 12.1% increase compared to June 2025. National active inventory rose just 1.3% year over year to 1.56 million homes. Northern Virginia’s faster inventory growth is creating additional opportunities for buyers while helping ease some of the supply constraints that have challenged the market in recent years.

Despite those gains, available inventory remains well below national levels. Northern Virginia recorded 1.98 months of supply, up 7.8% from June 2025. Nationally, housing supply remained unchanged at 4.6 months. Although local inventory is moving in the right direction, the region continues to face a substantially tighter housing supply than the nation overall, underscoring the ongoing need for additional housing options.

“One of the most encouraging aspects of this month’s report is that we’re seeing inventory improve without sacrificing market activity,” McLaughlin said. “That’s good news for buyers who have more choices than they did a year ago and for sellers who continue to benefit from strong demand. At the same time, we’re reminded that nearly two months of inventory is still far from where we’d like to be. That’s why NVAR continues to champion its NOVA Housing Supply Framework, which outlines practical, locally adaptable strategies to expand housing opportunities across the region. Expanding housing opportunities remains critical to supporting long-term affordability, economic growth, and the dream of homeownership throughout Northern Virginia.”

June’s market performance reflects a housing market that continues to evolve, with improving inventory providing buyers with more opportunities while demand remains strong. As the second half of 2026 unfolds, the balance between supply and demand will remain a key factor shaping Northern Virginia’s housing landscape. With more homes entering the market and buyer activity continuing at a steady pace, the region is positioned for a measured transition toward greater choice while maintaining the strong demand that has defined the market in recent years.

NVAR’s recently released 2026 Mid-Year Housing Market Forecast Briefing provides additional analysis of regional trends and the outlook for the months ahead.

Background

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are June 2026 regional home sales compared to June 2025 for Northern Virginia, with data derived from Bright MLS as of July 9, 2026 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in June 2026 was 1,919 units. This was an 3.9% increase compared to June 2025.
• The volume sold in June 2026 was $1,849,648,024. This was a 12.7% increase compared to June 2025.
• The median sold price in June 2026 was $810,000. This was up 5.2% compared to June 2025.
• The average days on market was 19 days in June 2026. This was down 5.0% from June 2025.
• The number of new pending sales in June 2026 was 1,639 units. This was down 2.3% compared to June 2025.
• The number of active listings in June 2026 was 2,816 units. This number was up 12.1% compared to June 2025.
• The months of supply of inventory in June 2026 was 1.98. This was up 7.8% compared to June 2025.

NVAR Charts, Graphs, Social Media for June 2026 NVAR Housing Stats  

June National Comparison: Click here.

June Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

2026 Mid-Year Regional Housing Market Forecast: Click here.

These links are accessible from the Market Stats page here: Click here.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

Follow us on X: @nvar

Visit us on Facebook: facebook.com/nvar.realestate 

Join us on LinkedIn: NVAR

Follow us on Instagram: nvarofficial

Northern Virginia Housing Market Surpasses Nation in Sales, Prices, and Market Activity

Local housing demand remained strong as the region continued to post stronger gains than the U.S. housing market across several key measures.

FAIRFAX, Va. (June 17, 2026) The Northern Virginia housing market outperformed national trends across several key indicators in May 2026, reflecting stronger buyer demand, firmer pricing conditions, and faster market turnover than the broader U.S. housing market, according to the Northern Virginia Association of Realtors® (NVAR). While national housing activity continued to improve at a modest pace, Northern Virginia maintained a more competitive environment shaped by sustained demand and limited supply.

Closed sales in Northern Virginia reached 1,958 units in May 2026, an 11.0% increase compared to May 2025. Nationally, existing home sales rose 3.2% year-over-year to 4.17 million units. This sharp difference in sales growth highlights a clear divergence in market activity. While the national market is recovering gradually, Northern Virginia is experiencing a significantly stronger increase in transaction volume, suggesting that buyer demand remains more resilient locally despite affordability pressures.

“Even as the national housing market shows gradual improvement, Northern Virginia continues to stand apart in terms of buyer engagement and transaction activity,” said NVAR CEO Ryan McLaughlin. “An 11 percent increase in closed sales reflects sustained confidence in our region’s long-term economic stability. Buyers are still actively entering the market, and sellers who price strategically are seeing strong results even in a more balanced environment than we’ve seen in recent years.”

Home prices in Northern Virginia also outpaced national growth rates. The median sold price reached $812,012 in May 2026, up 2.9% from the same period last year. Nationally, the median existing-home price increased 1.3% to $429,300. This stronger pace of price appreciation reflects continued competition for limited housing supply in the region. While national price growth has moderated, Northern Virginia continues to see firmer upward pressure on prices driven by sustained demand and structurally tight inventory conditions.

Market speed further reinforces this divergence. On average, homes in Northern Virginia sold in just 15 days in May, unchanged from one year ago. Nationally, homes remained on the market for 29 days, a 7.4% increase year-over-year.

The stability of local days-on-market — compared to increasing market time nationally — indicates that Northern Virginia continues to clear listings more efficiently, with well-priced homes moving quickly even as inventory levels gradually increase. “While we are seeing incremental gains in inventory, Northern Virginia remains a highly competitive market by national standards,” said NVAR President-Elect Christina Rice, Pearson Smith Realty. “Buyers may have slightly more options than in previous years, but available listings are still moving quickly as they come to market. Until inventory returns to more balanced conditions, competition will remain a defining feature of our local housing market.”

Active listings in Northern Virginia rose to 2,733 units in May 2026, a 3.7% increase from the previous year. Nationally, active listings increased just 0.6% to 1.55 million units. While both markets saw inventory gains, Northern Virginia’s stronger increase suggests early signs of easing supply constraints. However, the pace remains insufficient to meaningfully shift overall market conditions given continued strong demand.

The clearest indicator of current market conditions is months of supply. In Northern Virginia, that number stood at 1.93 in May 2026, compared to 4.5 months nationally. Both markets experienced slight year-over-year declines, but the significant gap underscores how far Northern Virginia remains from balanced housing conditions. At under two months of supply, Northern Virginia continues to operate in a strongly competitive, seller-favored environment, even as national conditions move closer to — but still below — long-term equilibrium.

Overall, May 2026 data point to conditions defined by stronger-than-national sales activity, firm pricing, and faster turnover, even as inventory levels continue to gradually improve. The combination of sustained demand and limited supply underscores a highly competitive environment despite incremental movement toward balance.

Background

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are May 2026 regional home sales compared to May 2025 for Northern Virginia, with data derived from Bright MLS as of June 9, 2026 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in May 2026 was 1,598 units. This was an 11.0% increase compared to May 2025.
• The volume sold in May 2026 was $1,817,100,688. This was an 16.4% increase compared to May 2025.
• The median sold price in May 2026 was $812,012. This was up 2.9% compared to May 2025.
• The average days on market was 15 days in May 2026. This was the same as May 2025.
• The number of new pending sales in May 2026 was 1,903 units. This was up 0.3% compared to May 2025.
• The number of active listings in May 2026 was 2,733 units. This number was up 3.7% compared to May 2025.
• The months of supply of inventory in May 2026 was 1.93. This was down 1.2% compared to May 2025.

NVAR Charts, Graphs, Social Media for May 2026 NVAR Housing Stats  

May National Comparison: Click here.

May Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

2026 Regional Housing Market Forecast: Click here.

These links are accessible from the Market Stats page here: Click here.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, with a new Member Experience Center located in Loudoun County, NVAR supports its 13,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

Follow us on X: @nvar

Visit us on Facebook: facebook.com/nvar.realestate 

Join us on LinkedIn: NVAR

Follow us on Instagram: nvarofficial

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