NORTHERN VIRGINIA HOUSING MARKET DATA

The number of units sold remained stable in June, with 3,566 sold this month in Northern Virginia Real Estate. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2024.

Versus last year, the total number of homes available this month is higher by 693 units or 14%. The total number of active inventory this June was 5,733 compared to 5,040 in June 2024. This month's total of 5,733 is lower than the previous month's total supply of available inventory of 6,923, a decrease of 17%.

Last June, the median sale price for Northern Virginia Homes was $665,000. This June, the median sale price was approximately the same at $675,000. The current median sold price is 2% higher than in June 2024.

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

In June, there was 1.6 months of supply available in Northern Virginia, compared to 1.5 in June 2024. That is an increase of 10% 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 3,394 homes newly listed for sale in Northern Virginia compared to 4,064 in June 2024, a decrease of 16%. There were 3,451 current contracts pending sale this June compared to 3,387 a year ago. The number of current contracts is 2% higher than last June.

In June, the average sale price in Northern Virginia was 100.1% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 21, higher than the average last year, which was 16, an increase of 31%.





FOCUS ON: NORTHERN VIRGINIA HOUSING MARKET			JUNE 2025

Units Sold 3,566	Active Inventory 5,733	Median Sale Price $675,000	Days On Market 21

Up 3% Vs. Year Ago	Up 14% Vs. Year Ago	Up 2% Vs. Year Ago	Up 31% Vs. Year Ago


		Units Sold The number of units sold remained stable in June, with 3,566 sold this month in Northern Virginia Real Estate. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 693 units or 14%. The total number of active inventory this June was 5,733 compared to 5,040 in June 2024. This month's total of 5,733 is lower than the previous month's total supply of available inventory of 6,923, a decrease of 17%.
		Median Sale Price Last June, the median sale price for Northern Virginia Homes was $665,000. This June, the median sale price was approximately the same at $675,000. The current median sold price is 2% higher than in June 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 3,394	Current Contracts 3,451	Sold Vs. List Price 100.1%	Months of Supply 1.6

Down -16% Vs. Year Ago	Up 2% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 10% Vs. Year Ago


		Months of Supply In June, there was 1.6 months of supply available in Northern Virginia, compared to 1.5 in June 2024. That is an increase of 10% 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 3,394 homes newly listed for sale in Northern Virginia compared to 4,064 in June 2024, a decrease of 16%. There were 3,451 current contracts pending sale this June compared to 3,387 a year ago. The number of current contracts is 2% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Northern Virginia was 100.1% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 21, higher than the average last year, which was 16, an increase of 31%.


	*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.