NORTHERN VIRGINIA HOUSING MARKET DATA

There was a decrease in total units sold in July, with 3,274 sold this month in Northern Virginia Real Estate versus 3,624 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 4% versus July 2024.

Versus last year, the total number of homes available this month is higher by 926 units or 18%. The total number of active inventory this July was 6,045 compared to 5,119 in July 2024. This month's total of 6,045 is lower than the previous month's total supply of available inventory of 6,817, a decrease of 11%.

Last July, the median sale price for Northern Virginia Homes was $641,500. This July, the median sale price was $670,000, an increase of 4% or $28,500 compared to last year. The current median sold price is 1% lower than in June.

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

In July, there was 1.8 months of supply available in Northern Virginia, compared to 1.5 in July 2024. That is an increase of 24% 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 3,444 homes newly listed for sale in Northern Virginia compared to 3,895 in July 2024, a decrease of 12%. There were 3,052 current contracts pending sale this July compared to 3,089 a year ago. The number of current contracts is 1% lower than last July.

In July, the average sale price in Northern Virginia was 99.6% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 23, higher than the average last year, which was 18, an increase of 28%.





FOCUS ON: NORTHERN VIRGINIA HOUSING MARKET			JULY 2025

Units Sold 3,274	Active Inventory 6,045	Median Sale Price $670,000	Days On Market 23

Down -4% Vs. Year Ago	Up 18% Vs. Year Ago	Up 4% Vs. Year Ago	Up 28% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 3,274 sold this month in Northern Virginia Real Estate versus 3,624 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 4% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 926 units or 18%. The total number of active inventory this July was 6,045 compared to 5,119 in July 2024. This month's total of 6,045 is lower than the previous month's total supply of available inventory of 6,817, a decrease of 11%.
		Median Sale Price Last July, the median sale price for Northern Virginia Homes was $641,500. This July, the median sale price was $670,000, an increase of 4% or $28,500 compared to last year. The current median sold price is 1% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 3,444	Current Contracts 3,052	Sold Vs. List Price 99.6%	Months of Supply 1.8

Down -12% Vs. Year Ago	Down -1% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 24% Vs. Year Ago


		Months of Supply In July, there was 1.8 months of supply available in Northern Virginia, compared to 1.5 in July 2024. That is an increase of 24% 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 3,444 homes newly listed for sale in Northern Virginia compared to 3,895 in July 2024, a decrease of 12%. There were 3,052 current contracts pending sale this July compared to 3,089 a year ago. The number of current contracts is 1% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Northern Virginia was 99.6% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 23, higher than the average last year, which was 18, an increase of 28%.


	*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.