NORTHERN VIRGINIA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 3,068 sold this month in Northern Virginia Real Estate versus 3,322 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 2% versus August 2024.

Versus last year, the total number of homes available this month is higher by 639 units or 12%. The total number of active inventory this August was 6,005 compared to 5,366 in August 2024. This month's total of 6,005 is lower than the previous month's total supply of available inventory of 6,856, a decrease of 12%.

Last August, the median sale price for Northern Virginia Homes was $635,000. This August, the median sale price was $651,241, an increase of 3% or $16,241 compared to last year. The current median sold price is 3% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 2.0 months of supply available in Northern Virginia, compared to 1.7 in August 2024. That is an increase of 14% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 3,192 homes newly listed for sale in Northern Virginia compared to 3,695 in August 2024, a decrease of 14%. There were 2,988 current contracts pending sale this August compared to 2,779 a year ago. The number of current contracts remained stable as compared to last August.

In August, the average sale price in Northern Virginia was 99.3% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 20, an increase of 35%.





FOCUS ON: NORTHERN VIRGINIA HOUSING MARKET			AUGUST 2025

Units Sold 3,068	Active Inventory 6,005	Median Sale Price $651,241	Days On Market 27

Down -2% Vs. Year Ago	Up 12% Vs. Year Ago	Up 3% Vs. Year Ago	Up 35% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 3,068 sold this month in Northern Virginia Real Estate versus 3,322 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 2% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 639 units or 12%. The total number of active inventory this August was 6,005 compared to 5,366 in August 2024. This month's total of 6,005 is lower than the previous month's total supply of available inventory of 6,856, a decrease of 12%.
		Median Sale Price Last August, the median sale price for Northern Virginia Homes was $635,000. This August, the median sale price was $651,241, an increase of 3% or $16,241 compared to last year. The current median sold price is 3% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 3,192	Current Contracts 2,988	Sold Vs. List Price 99.3%	Months of Supply 2.0

Down -14% Vs. Year Ago	Up 8% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In August, there was 2.0 months of supply available in Northern Virginia, compared to 1.7 in August 2024. That is an increase of 14% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 3,192 homes newly listed for sale in Northern Virginia compared to 3,695 in August 2024, a decrease of 14%. There were 2,988 current contracts pending sale this August compared to 2,779 a year ago. The number of current contracts remained stable as compared to last August.
		Sale Price to List Price Ratio In August, the average sale price in Northern Virginia was 99.3% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 20, an increase of 35%.


	*Defined as the counties of Arlington, Culpeper, Fairfax, Fauquier, King George, Loudoun, Orange, Prince William, Spotsylvania, and Stafford and the cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park in VA.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.