Category: Market Statistics

Northern Virginia Housing Market Poised for Balance in 2026

Moderating price growth, steady mortgage rates, and rising inventory signal a more stable year ahead

FAIRFAX, Va. (December 18, 2025) The Northern Virginia housing market will continue to find balance in 2026, with moderate price increases, interest rates that hover around 6%, and slightly higher levels of inventory, according to a NEW economic housing forecast released by the Northern Virginia Association of Realtors® in conjunction with George Mason University’s Center for Regional Analysis.

After several years of volatility, the forecast points to a more measured pace of activity that benefits both buyers and sellers, even as affordability remains a persistent challenge for many households.

“The Northern Virginia market is entering a more stable phase,” said NVAR CEO Ryan McLaughlin. “While affordability pressures continue, the fundamentals of our region — strong employment, a diverse economy, and sustained demand — position us well for a year of steady, sustainable growth.”

Home prices are projected to rise at a moderate rate in 2026, reflecting continued demand alongside a gradual increase in available inventory. While this additional supply should ease some competitive pressures, affordability is expected to remain a key concern, particularly for first-time buyers and middle-income households.

“As inventory grows and price increases become more measured, we’re seeing conditions that are more conducive to informed decision-making,” McLaughlin added. “Buyers and sellers alike will benefit from doing their research, understanding local market dynamics, and working with real estate professionals to navigate a more balanced landscape.”

Mortgage rates are forecast to remain relatively stable, hovering around six percent throughout much of the year. This consistency should provide greater predictability for consumers, even if borrowing costs remain higher than the historic lows seen earlier in the decade.

“Northern Virginia’s housing market stands out in its resilience, reflecting underlying demand among households for homeownership, which remains a solid long-term investment for NOVA households,” said Terry Clower, Ph.D., Director of the George Mason University Center for Regional Analysis”. “The regional housing market may have pulled back from its frenetic pace of the past few years, but prices will remain stable, and we will see a healthier balance between buyers and sellers in 2026.”

The 2026 forecast comes amid some uncertainty following the recent federal government shutdown, which may have affected housing activity in certain areas, though the full impact is not yet known. What is clear, however, is that housing supply is increasing, with more homes coming onto the market. As conditions continue to evolve, buyers and sellers should remain prepared, plan thoughtfully, and keep expectations grounded in current market realities.

“Northern Virginia remains a desirable place to live, work, and invest,” McLaughlin said. “As the market finds its footing, those who approach it with solid information and a long-term outlook will be best positioned for success.”

NVAR’s 2025 Housing Forecast includes Alexandria City and Arlington, Fairfax, Loudoun, Stafford, and Prince William Counties. Below is data for each jurisdiction.

Forecast by Jurisdiction

Fairfax County

• Single family homes prices are expected to rise 1.9% from 2025 to 2026.
• Average monthly unit sales for single family homes are forecast to increase 8.4% from 2025 to 2026, suggestive of a more active market in 2026 as inventory levels are forecast to increase 35.8% and buyers have more options.
• The median sales price for townhomes is forecast to rise 1.7% from 2025 to 2026.
• While townhome inventory is forecast to increase 30.4%, demand is forecast to remain steady with townhome unit sales increasing 4.3%.
• Condominium prices are forecast to decline 2.7% despite a 2.4% increase in unit sales.

Arlington County

• The median price of sold single family homes is forecast to rise 3.8% from 2025 to 2026.
• The number of single-family unit sales are forecast to rise a modest 1.1% while inventory rises 27.8%.
• The median sales price of townhomes is forecast to increase 1.9% from 2025 to 2026.
• While townhome inventory is forecast to increase 20.8% from 2025 to 2026, the number of units is relatively modest, and demand is forecast to remain stable with the number of townhomes sales forecast to increase 1.4% from 2025 to 2026.
• Condo prices in Arlington are forecast to increase 2.1% from 2025 to 2025.
• As with other segments of the market, increased inventory is forecast to be met with stable demand as the number of condo sales is forecast to increase 1.3%

Alexandria City

• The median sales price of single family homes in Alexandria is forecast to increase 4.2% from 2025 to 2026.
• While single family inventory is forecast to increase, demand is forecast to remain stable with a 4.5% increase in single family unit sales.
• The median sales price of townhomes in Alexandria is forecast to rise 2.5% from 2025 to 2026.
• Demand for townhomes is forecast to remain stable, with the unit sales of townhomes forecast to increase 3.5% from 2025 to 2026, despite an increase in inventory of 21.9%.
• The median price of sold condos in Alexandria is forecast to increase a modest 1.1% from 2025 to 2026.
• While Inventory is forecast to increase 30.3%, demand is forecast to remain steady with the number of condo sales forecast to increase 4.6%.

Prince William County

• The median sales price of single family homes in Prince William is forecast to remain effectively flat, declining 0.2% from 2025 to 2026.
• The number of unit sales of single family homes is forecast to increase 3.0%, indicative of greater market activity.
• The median price of townhomes is forecast to rise 1.9% from 2025 to 2026, as buyers continue to balance attainability with affordability.
• The number of townhome sales in Prince William is forecast to rise 4.7% from 2025 to 2026 as market activity picks up.
• Median prices of sold condos in Prince William is forecast to increase a modest 1.5% from 2025 to 2026.
• While condo inventory is forecast to increase 31.1% from 2025 to 2026, sales are anticipated to increase a modest 1.8%, consistent with broader market movement.

Loudoun County

• The median price of sold single family homes in Loudoun County is forecast to increase 3.3% from 2025 to 2026.
• The number of sold single family homes in Loudoun County is forecast to increase 7.6% as demand remains strong despite an increase in inventory of 36.2%.
• The median price of sold townhomes in Loudoun County is forecast to increase 2.5% from 2025 to 2026.
• Demand for Loudoun County townhomes is anticipated to remain strong, with the number of sales increasing 2.0% despite an increase in townhome inventory of 36.4%.
• The median price of condos in Loudoun County are forecast to increase 1.6%, with unit sales increase a modest 0.3% while inventory rises 16.7%.

Stafford County

• The median price of sold single family homes in Stafford County is forecast to decline a modest 4.6%.
• As demand wanes in Stafford County, the number of sold single family homes is forecast to decline 2.4% as inventory increases 33.3%
• The median price of townhomes in Stafford County is forecast to increase 2.8% in Stafford County as buyers search for affordability.
• The number of townhome sales is forecast to increase 7.6% from 2025 to 2026 as inventory rises 31.5%, indicative of buyers looking for affordable options.

NOTE: For the 2026 Market Forecast Briefing recording, contact Kim Price-Harwood, kpriceharwood@nvar.com.

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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More Homes, More Momentum — Northern Virginia Sets a Stronger Pace Than the Nation

Robust Sales Growth and Expanding Inventory Strengthen the Region’s Competitive Edge

FAIRFAX, Va. (November 25, 2025) — The region’s housing market continued its strong performance in October 2025, with local data showing growth that outpaces the national market, according to the Northern Virginia Association of Realtors® (NVAR). This momentum underscores Northern Virginia’s enduring appeal for both buyers and sellers, even as the broader US market experiences more moderate growth.

The pace of closed sales in Northern Virginia accelerated meaningfully, reaching 1,427 transactions, a 7.5% increase over October 2024. This compares to a 1.7% national rise, where closed sales totaled 4.1 million. “What we’re seeing is a reaffirmation of Northern Virginia’s market resiliency,” said NVAR CEO Ryan McLaughlin. “Buyers remain active and motivated, and the strength of our regional economy continues to drive confidence, even with the recent federal government shutdown. The gap between local and national sales performance speaks volumes about the competitiveness of our marketplace.”

Home prices in Northern Virginia also demonstrated notable strength. The region’s median sold price climbed to $750,000, up 4.9% year-over-year, outpacing the 2.1% national price increase that brought the US median to $415,200. This divergence reflects the continued demand for housing in key job centers and high-quality communities throughout the region.

Perhaps the most striking difference between the regional and national markets is in active listings. Northern Virginia saw inventory surge to 2,562 homes, marking a 42.2% jump from October 2024 —far higher than the 10.9% increase in active listings nationally, which rose to 1.52 million. This influx of new inventory has offered welcome relief for buyers frustrated by years of tight supply. It also suggests a market gradually shifting toward a healthier balance.

That transition is further reflected in months of supply, which increased locally to 1.85 months, a 36.8% rise over last year. While still below the national level of 4.4 months, which itself saw a modest uptick from 4.1, the upward trend in Northern Virginia signals improving opportunities for buyers.

“As inventory grows, consumers are gaining more breathing room to make thoughtful decisions rather than racing against the clock,” McLaughlin added. “Northern Virginia is experiencing what many markets desire — a more balanced landscape without sacrificing vitality.”

Heading into 2026, with rising inventory easing pressure on buyers and demand holding steady, the market is progressing toward a healthier equilibrium — one that signals long-term stability.

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 October 2025 regional home sales compared to October 2024 for Northern Virginia, with data derived from Bright MLS as of November 10, 2025 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in October 2025 was 1,427 units. This was up 7.5% compared to October 2024.  
• The volume sold in October 2025 was $1,303,211,578. This was a 16.5% increase compared to October 2024.
• The median sold price was $750,000 in October 2025. This was down 4.9% compared to October 2024.
• The number of new pending sales in October 2025 increased to 1,352 units — a 0.8% increase compared to October 2024.  
• The number of active listings in October 2025 was 2,562 units. This number was up 42.2% compared to October 2024.
• Average days on market was 27 days in October 2025. This was up 42.1% compared to October 2024.
• Months of supply of inventory in October 2025 was 1.85. This was up 36.8% compared to October 2024.

Read more about the NVAR regional housing market at nvar.com/Marketstats.

NVAR Charts, Graphs, Social Media for October 2025 NVAR Housing Stats  

October Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

NVAR 2025 Mid-Year Housing Forecast Update: 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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Northern Virginia Home Sales Climb in October as the Market Continues to Find Balance

Inventory Growth and Steady Demand Signal a Healthier Housing Environment Despite Federal Government Shutdown

FAIRFAX, Va. (November 12, 2025) Northern Virginia’s housing market demonstrated continued resilience in October, with key indicators reflecting growing balance between supply and demand, according to the Northern Virginia Association of Realtors® (NVAR). Closed sales, prices, and total sold volume all rose compared to the same month last year, while inventory levels expanded significantly — offering buyers more options in a still-competitive environment.

In October 2025, Northern Virginia recorded 1,427 closed sales, a 7.5% increase from October 2024. The total sold dollar volume climbed 16.5% year-over-year to more than $1.3 billion, reflecting both stronger transactional activity and higher price points. The median sold price rose 4.9% to $750,000, underscoring continued buyer demand for well-priced, move-in-ready homes across the region.

“The growth we’re seeing in both sales and dollar volume is a sign of steady confidence in Northern Virginia real estate,” said NVAR CEO Ryan McLaughlin. “Even as buyers adjust to mortgage rates hovering around six percent, the fundamentals of our market — strong employment, desirable communities, and economic diversity — remain incredibly solid.”

At the same time, housing supply is improving. The number of active listings reached 2,562 in October, a 42.2% increase compared to last year. The months of supply of inventory rose to 1.85, up 36.8% year-over-year, suggesting a gradual shift away from the extreme tightness that characterized the market in prior years. Homes spent an average of 27 days on the market, a 42.1% increase from last October, another indicator of returning balance.

“An increase in inventory gives both buyers and sellers a sense of breathing room,” said NVAR Board Member Christina Rice, Pearson Smith Realty. “While prices remain high, we’re seeing more flexibility and healthier negotiations, which ultimately create a more sustainable housing environment.”

The federal government shutdown that began on October 2 has introduced some uncertainty into the regional economy, though its immediate impact on housing has been limited. “While we’re monitoring how the shutdown may affect buyer confidence and transaction timelines, Northern Virginia’s housing market remains steady,” McLaughlin noted. “Northern Virginia’s strong base of public- and private-sector employers can help mitigate some of the short-term effects that often accompany a federal shutdown.”

As 2025 nears its close, Northern Virginia’s housing market continues to show stability amid a changing national landscape. “This year has been about adaptation — buyers and sellers alike are finding their footing in a market that’s becoming healthier and more predictable,” McLaughlin said. “That’s a very positive trend for our region.”

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Northern Virginia Market Outpaces National Trends in September 2025

Sales and inventory climb faster in Northern Virginia than across the US

FAIRFAX, Va. (October 27, 2025) — The Northern Virginia housing market showed striking resilience in September, outpacing the national average in both sales growth and inventory expansion, according to the Northern Virginia Association of Realtors® (NVAR). While home prices moderated slightly, local market dynamics suggest a more balanced environment is emerging after several years of tight supply and rapid price escalation.

The number of homes sold in September 2025 was 1,351, marking a 9.5% increase over last year. Nationally, home sales rose at a slower pace — up 4.1% year-over-year to a seasonally adjusted annual rate of 4.06 million units. While national sales trends point to gradual improvement, Northern Virginia’s sharper gains indicate a market that’s rebounding more quickly than most.

At the same time, active listings in Northern Virginia jumped 40.5% year-over-year, compared to a 14.0% increase nationwide. The surge in regional listings brought months of supply up to 1.93, a 34.7% increase over last year. Nationally, inventory remains far looser, with 4.6 months of supply, up from 4.2 in 2024 ― a 9.5% increase.

“The story in Northern Virginia is one of movement and momentum,” said NVAR CEO Ryan McLaughlin. “For much of the past few years, buyers in our region faced extremely limited options. Now, with inventory levels expanding significantly, we’re beginning to see a healthier balance between buyers and sellers. The fact that sales are climbing alongside inventory is a clear sign that demand remains strong, even as market conditions normalize.”

While the region’s median sold price dipped modestly, down 1.4% to $715,000, this local cooling contrasts with the national median price increase of 2.1% to $415,200. The modest correction reflects a recalibration rather than a retreat locally, particularly in higher-cost markets where affordability pressures had peaked.

“Price stability is a positive sign of balance returning to the market,” McLaughlin added. “With more listings, measured market times, and confident buyers, we’re seeing conditions that support long-term sustainability.”

Homes in Northern Virginia spent an average of 28 days on market in September, up 40% from last year, compared to the national median of 33 days, which rose from 28 a year ago. Even with more days on market than last year, Northern Virginia homes continue to move faster than the national average, highlighting the area’s persistent market strength.

The local market’s evolution points to growing confidence among both sellers and buyers. “We’re seeing more homeowners feel comfortable listing because they’re finding options on the other side of their move,” said NVAR President-Elect Rob Carney, TTR Sotheby’s International Realty. “At the same time, buyers are recognizing that this is a more rational market — one where there’s room to negotiate and make informed, confident decisions. That balance is good for everyone.”

While the national housing landscape remains influenced by elevated mortgage rates and economic uncertainty, Northern Virginia’s continued job growth, diversified economy, and enduring demand for housing near the nation’s capital have kept local market conditions notably resilient.

“Northern Virginia continues to outperform expectations,” McLaughlin said. “Even as national markets adjust, our region’s fundamentals remain strong — diverse employment, high-quality schools, and a deep base of well-informed consumers. That combination creates a market that adapts quickly and endures over time. It remains to be seen how the federal government shutdown that began on October 1 may affect housing activity in the region; subsequent market data will provide a clearer picture of its impact on both buyers and sellers.”

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 2025 regional home sales compared to September 2024 for Northern Virginia, with data derived from Bright MLS as of October 9, 2025 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in September 2025 was 1,351 units. This was up 9.5% compared to September 2024.  
• The volume sold in September 2025 was $1,210 ,804. This was a 14.6% increase compared to September 2024.
• The median sold price was $715,000 in September 2025. This was down 1.4% compared to September 2024.
• The number of new pending sales in September 2025 increased to 1,436 units — a 3.8% increase compared to September 2024.  
• The number of active listings in September 2025 was 2,660 units. This number was up 40.5% compared to September 2024.
• Average days on market was 28 days in September 2025. This was up 40.0% compared to September 2024.
• Months of supply of inventory in September 2025 was 1.93. This was up 34.7% compared to September 2024.

Read more about the NVAR regional housing market at nvar.com/Marketstats.

NVAR Charts, Graphs, Social Media for September 2025 NVAR Housing Stats  

September Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

NVAR 2025 Mid-Year Housing Forecast Update: 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 12,000+ 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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Home Sales Rise as Prices Ease and Inventory Expands Across Northern Virginia
Buyers regain options as listings surge and the market shifts toward better balance

FAIRFAX, Va. (October 13, 2025) Northern Virginia’s housing market gained momentum in
September as closed sales rose nearly 10% compared to last year — a sign that buyers are
responding to a growing supply of homes across the region, according to the Northern Virginia
Association of Realtors® (NVAR).

A total of 1,351 homes sold in September 2025, representing a 9.5% increase from September 2024. The total sold dollar volume climbed 14.6% year-over-year to reach $1.21 billion, underscoring steady demand despite shifting prices and interest rates.

“The increase in sales volume tells us that buyers are reengaging as more listings become available,” said NVAR CEO Ryan McLaughlin. “After several years of constrained inventory, the market is opening up — and when buyers see more options, they feel more confident making a move. That’s good news for the health and stability of our regional market.”

The median sold price dipped slightly to $715,000, a 1.4% decrease from last year. This modest
easing in prices, paired with expanding inventory, is giving buyers more breathing room in a market that had been intensely competitive for years.

Inventory growth was the standout story in September. The region reported 2,660 active listings, up a remarkable 40.5% compared to September 2024. The months of supply rose to 1.93, a 34.7% increase year-over-year — marking one of the highest levels of available inventory seen since before the pandemic.

“With more homes on the market, we are seeing a normalization of pace — and that’s healthy,”
McLaughlin said. “A steady increase in listings and motivated buyers is creating the conditions for a stable, more predictable market — one that supports lasting growth and greater confidence across the region.”

Homes spent an average of 28 days on the market, up 40% from last year, suggesting that buyers are taking more time to evaluate their options.

“This is what a maturing market looks like,” McLaughlin added. “Buyers are more intentional, and sellers are more strategic. The next several months will test how both sides adjust to these new dynamics — but ultimately, balance benefits everyone.”

The September numbers reflect a steady transition in Northern Virginia’s housing market, highlighting a period of adjustment that may set the tone for the months ahead.

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Northern Virginia Market Outpaces Nation in Sales Growth and Holds Firm on Home Prices

August 2025 Housing Snapshot Shows Regional Momentum Amid Ongoing Supply Constraints

FAIRFAX, Va. (September 29, 2025) Northern Virginia’s housing market showed steady strength in August 2025, with home sales, prices, and overall dollar volume climbing year-over-year. At the same time, inventory pressures and rising days on market continued to shape buyer and seller behavior, according to the Northern Virginia Association of Realtors® (NVAR).

In August 2025, there were 1,439 closed sales, representing a 2.0% increase compared to August 2024. Nationally, existing home sales reached 4.0 million, marking a 1.8% year-over-year increase. This parallel growth highlights the resilience of both markets, with Northern Virginia slightly outpacing the national trend.

“It’s encouraging to see Northern Virginia’s housing market not only align with the national growth trend but edge slightly ahead of it,” said NVAR CEO Ryan McLaughlin. “Closing more than 1,400 sales in August represents real momentum, especially considering the affordability challenges that remain in our region. What this tells us is that demand for homes in Northern Virginia continues to be incredibly strong, and buyers are finding ways to stay competitive in a high-priced market.”

Median home prices in Northern Virginia rose to $750,201 in August 2025, up 1.7% year-over-year. The national median price stood at $422,600, a 2.0% increase. Both markets reflect steady upward price momentum, though Northern Virginia remains one of the most expensive regions in the country. “The reality is that Northern Virginia buyers are competing in a premium-priced market,” said NVAR Board Member Sherry Rahnama, RE/MAX Executives. “Sellers, however, continue to benefit from steady price growth, while buyers weigh the tradeoff between higher costs and the long-term value of owning in this region.”

Inventory tells a different story. Northern Virginia’s active listings surged to 2,475 units in August 2025 — 36.4% higher than last year — yet months of supply was just 1.81, far below the national level of 4.6 months. National inventory reached 1.53 million units, an 11.7% increase compared to August 2024. The discrepancy highlights the intense demand pressure in Northern Virginia despite improving listing activity.

Days on market further illustrates the gap. Locally, homes averaged 26 days on the market in August 2025, up 44.4% compared to last year. Nationally, the average was slightly higher at 31 days but reflected a more moderate 19.2% increase. “This dynamic tells us that while buyers have a bit more breathing room compared to last year, Northern Virginia still operates at a much faster pace than the national market,” said McLaughlin. “For both buyers and sellers, understanding these nuances is critical for making smart real estate decisions.”

As the market heads into the fall, Northern Virginia is likely to see continued demand tempered by affordability considerations and longer market times. Rising inventory may provide some relief for buyers, but supply levels remain well below the national average. These dynamics suggest that while the region is stable, both buyers and sellers will need to navigate the market carefully in 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 2025 regional home sales compared to August 2024 for Northern Virginia, with data derived from Bright MLS as of September 9, 2025 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in August 2025 was 1,439 units. This was up 2.0% compared to August 2024.  
• The volume sold in August 2025 was $1,276,766,754. This was a 5.9% increase compared to August 2024.
• The average sold price was $879,942 in August 2025. This was up 2.5% compared to August 2024.
• The number of new pending sales in August 2025 increased to 1,403 units — a 9.6% increase compared to August 2024.  
• The number of active listings in August 2025 was 2,475 units. This number was up 36.4% compared to August 2024.
• Average days on market was 26 days in August 2025. This was up 44.4% compared to August 2024.
• Months of supply of inventory in August 2025 was 1.81. This was up 31.2% compared to August 2024.

Read more about the NVAR regional housing market at nvar.com/Marketstats.

NVAR Charts, Graphs, Social Media for August 2025 NVAR Housing Stats  

August Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

NVAR 2025 Mid-Year Housing Forecast Update: 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, NVAR supports its 12,000 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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Northern Virginia Home Sales Increase as Prices and Inventory Grow in August
Data show buyers gaining more time and choices while sellers continue to benefit from rising prices

FAIRFAX, Va. (September 11, 2025) Northern Virginia’s housing market in August 2025 reflected a cooler pace of activity alongside continued price growth, according to the Northern Virginia
Association of Realtors® (NVAR). With more homes coming onto the market and listings staying
active longer, buyers gained additional options, while sellers continued to benefit from year-over-year price appreciation.

Closed sales ticked up slightly last month, with 1,439 homes sold — a 2.0% increase from August 2024. Even with modest growth in transactions, the overall value of sales in the region climbed at a stronger rate. Total sold dollar volume reached more than $1.27 billion, a 5.9% increase from last year. This growth was fueled in part by rising home prices, as the median sold price increased to $750,201, up 1.7% compared to a year ago.

“The August data highlight a market that is adjusting its rhythm, while maintaining steady demand,” said NVAR CEO Ryan McLaughlin. “Buyers are no longer racing against the clock the way they were a year ago, but the increase in total sales volume and higher prices shows that demand for Northern Virginia housing remains strong.”

One of the most significant developments in the August market was the sharp rise in inventory. Active listings jumped to 2,475 properties, a 36.4% increase from August 2024. That growth in supply also pushed the months of inventory to 1.81, up 31.2% year-over-year, signaling that buyers have more homes to choose from than they did last summer. This expanded selection was also reflected in the average days on market, which stretched to 26 days, a 44.4% increase from the 18-day average one year ago.

“These changes are giving buyers more breathing room, which is something we haven’t seen in quite some time,” said NVAR President Casey Menish, Pearson Smith Realty. “With more homes on the market, buyers can take a bit more time to find the right fit, while sellers continue to benefit from moderate price increases across the region.”

This fall, growing inventory and a more moderate pace of sales may set the tone for market activity. “The trends suggest we may see a more measured cadence heading into the end of the year, with buyers continuing to benefit from greater choice,” McLaughlin said. “At the same time, steady price appreciation reinforces the long-term strength of Northern Virginia’s housing market, which remains one of the most competitive and desirable in the country.

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FAIRFAX, Va. (August 25, 2025) Housing activity in July highlighted how Northern Virginia’s market continues to differ from national patterns, according to the Northern Virginia Association of Realtors^® (NVAR). While US sales and inventory expanded more broadly, Northern Virginia saw a modest dip in transactions but stronger price growth, highlighting the region’s continued appeal and competitiveness.

“The national market is showing signs of cooling, but Northern Virginia’s market is better described as stabilizing,” said NVAR CEO Ryan McLaughlin. “We’re seeing more inventory and a modest slowdown in sales, but price growth and buyer activity remain stronger than the national picture. That balance keeps our region competitive even as conditions begin to normalize.”

In July, Northern Virginia recorded 1,612 closed sales, a 1.6% decrease from July 2024. Nationally, however, sales moved in the opposite direction, with 4.01 million transactions, a 0.8% increase year-over-year. This divergence reflects the limited supply and higher price points that still define the local market.

Price trends were even more telling. The median sold price in Northern Virginia climbed to $760,073, up 3.4% from last year, while the US median edged up only 0.2% to $422,400. Homebuyers in Northern Virginia continue to pay nearly double the national average, underscoring the region’s long-standing status as one of the country’s most competitive and desirable housing markets.

The pace of the market also shows how local conditions differ. Northern Virginia homes averaged 20 days on the market in July, up 25% from last year. Nationally, homes stayed on the market longer — 28 days on average compared to 24 in 2024. While both markets saw days-on-market rise, the quicker turnover in Northern Virginia illustrates persistent buyer urgency even as conditions loosen slightly.

“Homes are taking a little longer to sell than they did last year, but the demand is still there,” said NVAR Board Member Mary Bowen, Long & Foster Real Estate. “Buyers may have a bit more time to make decisions and, in some cases, add more negotiable terms to the offer, yet desirable properties continue to move quickly. For sellers, that means the market is still competitive, even if it’s showing early signs of stabilizing.”

Inventory expanded significantly at both the local and national levels, but Northern Virginia’s growth was sharper. Active listings in the region rose 43.4% to 2,530 units, compared to a 15.7% national increase in total listings to 1.55 million homes — the highest US inventory since the 2020 lockdowns. This local surge is giving buyers more choice but still falls short of true balance.

The difference between the national and local market becomes even clearer when measuring supply. In July, Northern Virginia recorded 1.9 months of supply — a 39.4% increase from last year but still well short of the level considered a balanced market. Nationally, supply ticked up to 4.6 months from 4 months in 2024, a figure that underscores just how much tighter conditions remain locally. Even with added inventory, Northern Virginia’s market is far more competitive than the US overall.

“While inventory is beginning to open up in Northern Virginia, the reality is that demand continues to run ahead of supply, which is why prices remain elevated,” said McLaughlin. “Our region’s housing market stands out nationally because of the region’s steady population growth, strong demand fueled by world-class schools and universities, and the vibrancy of its urban centers. With new transit connections and continued investment in local communities, buyers see long-term value here, keeping competition high even as inventory inches upward.”

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 2025 regional home sales compared to July 2024 for Northern Virginia, with data derived from Bright MLS as of August 8, 2025 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in July 2025 was 1,612 units. This was down 1.6% compared to July 2024.  
• The volume sold in July 2025 reached $1.41B, marking a 2.6% increase over July 2024.
• The average sold price was $872,753, up 2.9% from July 2024.
• The number of new pending sales in July 2025 increased to 1,459 units — a 2.8% increase compared to July 2024.  
• The number of active listings in July 2025 surged to 2,530 units — a 43.4% increase, the largest year-over-year jump in the dataset.
• Average days on market increased to 20 days — a 25% increase over the previous year.
• The months of supply of inventory in July 2025 was 1.9. This was up 39.4% compared to July 2024.

Read more about the NVAR regional housing market at nvar.com/Marketstats.

NVAR Charts, Graphs, Social Media for June 2025 NVAR Housing Stats  

July Housing Data: Click here.

Regional Jurisdiction Infographic: Click here.

NVAR Region Infographic: Click here.

NVAR 2023 Housing Economic Impact Report: Click here.

NVAR 2025 Mid-Year Housing Forecast Update: 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, NVAR supports its 12,000 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.

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