#United States #Real Estate #Fairfax #Home Sales #Northern Virginia

Northern Virginia Housing Market Update

In September 2025, Northern Virginia's housing market displayed a remarkable uptick, as closed sales soared nearly 10% compared to last year. This surge in sales reflects a growing supply of homes in the area, a shift that is encouraging buyers to return to the market.

The statistics paint a promising picture. A total of 1,351 homes were sold in September, marking a 9.5% increase from the previous year. Additionally, the total dollar volume of sales reached $1.21 billion, up 14.6% year-over-year. These figures indicate a robust demand persists, despite variations in prices and interest rates.

Ryan McLaughlin, CEO of the Northern Virginia Association of Realtors® (NVAR), stated, "The increase in sales volume tells us that buyers are reengaging as more listings become available. After several years of constrained inventory, the market is opening up. When buyers see more options, they feel more confident making a move, which is beneficial for the overall health and stability of our regional market."

The median sale price of homes in the region decreased slightly to $715,000, a 1.4% drop from the previous year. This modest decrease, coupled with the increase in available inventory, provides buyers with more flexibility in a market previously characterized by fierce competition.

Inventory has seen significant growth, with 2,660 active listings reported in September, which is a striking 40.5% increase compared to September 2024. This growth is complemented by an increase in the months of supply, which rose to 1.93, up 34.7% year-on-year, signaling one of the highest available inventory levels since before the pandemic.

"With more homes on the market, we are seeing a normalization of pace — and that's healthy," McLaughlin emphasized. "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 in Northern Virginia are currently spending an average of 28 days on the market, reflecting a 40% increase from the prior year. This trend suggests that buyers are taking more time to consider their options before making decisions.

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

The data collected for September highlights a steady transition within Northern Virginia's housing market, potentially setting a precedent for the coming months. As buyers regain options and sellers adjust to the broader market conditions, the long-term outlook appears increasingly optimistic.

Market Data Summary

• - Closed Sales: 1,351 units, up 9.5% from September 2024.
• - Total Sales Volume: $1.21 billion, a 14.6% increase.
• - Median Sales Price: $715,000, down 1.4%.
• - New Pending Sales: Increased to 1,436 units, up 3.8%.
• - Active Listings: 2,660 units, a rise of 40.5%.
• - Average Days on Market: 28 days, indicating a 40% rise.
• - Months of Supply: 1.93, up 34.7% year-over-year.

The data indicates a significant reshaping of the Northern Virginia housing landscape, revealing positive trends that can encourage growth and stability within the market. As inventory continues to expand and buyer confidence is strengthened, the region may see a shift towards a more balanced and manageable housing environment.