Northern Virginia Housing Market Shows Growth Amid Rising Prices and Inventory in August 2025
In August 2025, Northern Virginia’s housing market revealed an interesting dynamic characterized by a cooler pace of activity alongside sustained price growth. According to the Northern Virginia Association of Realtors® (NVAR), the region's real estate landscape saw an increase in home sales and, notably, a rise in available inventory. This shift marks a significant moment for both buyers and sellers as the market adjusts to these changes.
The month witnessed a modest uptick in closed sales, with 1,439 homes sold, reflecting a 2.0% increase compared to August 2024. Interestingly, even though transaction growth was slight, the total dollar volume of sales increased considerably, surpassing $1.27 billion—a notable 5.9% increase from the previous year. This performance underscores the rising home prices, with the median sold price now standing at $750,201; this marks an increase of 1.7% from last year.
NVAR's CEO, Ryan McLaughlin, commented, "The data from August illustrate a market recalibrating its rhythm while still maintaining consistent demand. Buyers are no longer faced with the urgent pressure seen last year, yet the increase in sales volume paired with higher prices indicates that the demand for homes in Northern Virginia remains robust."
A pivotal trend in August was the substantial increase in home inventory. The number of active listings soared to 2,475, an impressive 36.4% jump from the previous August. This supply boost also resulted in a rise in months of inventory, which climbed to 1.81—up 31.2% year-over-year. This additional supply indicates that buyers in Northern Virginia now have more choices than they did the previous summer. The average days that homes spent on the market also expanded, increasing to 26 days, reflecting a 44.4% rise compared to the 18-day average from last year.
According to NVAR President Casey Menish of Pearson Smith Realty, these changes offer buyers a welcomed reprieve. He stated, "For the first time in a while, buyers can breathe a little easier. With more homes on the market, there’s room for them to find the right fit, while sellers still enjoy moderate price increases."
As the fall approaches, the balance of growing inventory and a more tempered sales pace may define the market’s future activities. McLaughlin noted, "Given these trends, we could encounter a more measured rhythm as we head toward year-end, with buyers appreciating the wider selection available to them. Concurrently, steady price growth highlights the enduring strength of Northern Virginia’s housing market, which continues to be among the nation’s most competitive and desirable areas."
An analysis of the August 2025 home sales within the Northern Virginia region—covering areas like Fairfax and Arlington Counties, as well as cities such as Alexandria and Falls Church—shows the following key metrics:
For further insights into the Northern Virginia housing market, please visit nvar.com/Marketstats. NVAR remains dedicated to enhancing Realtor® success and advocating for ethical practices within the greater Northern Virginia region.
Follow NVAR on social media and stay updated on the latest housing trends in Northern Virginia!
The month witnessed a modest uptick in closed sales, with 1,439 homes sold, reflecting a 2.0% increase compared to August 2024. Interestingly, even though transaction growth was slight, the total dollar volume of sales increased considerably, surpassing $1.27 billion—a notable 5.9% increase from the previous year. This performance underscores the rising home prices, with the median sold price now standing at $750,201; this marks an increase of 1.7% from last year.
NVAR's CEO, Ryan McLaughlin, commented, "The data from August illustrate a market recalibrating its rhythm while still maintaining consistent demand. Buyers are no longer faced with the urgent pressure seen last year, yet the increase in sales volume paired with higher prices indicates that the demand for homes in Northern Virginia remains robust."
A pivotal trend in August was the substantial increase in home inventory. The number of active listings soared to 2,475, an impressive 36.4% jump from the previous August. This supply boost also resulted in a rise in months of inventory, which climbed to 1.81—up 31.2% year-over-year. This additional supply indicates that buyers in Northern Virginia now have more choices than they did the previous summer. The average days that homes spent on the market also expanded, increasing to 26 days, reflecting a 44.4% rise compared to the 18-day average from last year.
According to NVAR President Casey Menish of Pearson Smith Realty, these changes offer buyers a welcomed reprieve. He stated, "For the first time in a while, buyers can breathe a little easier. With more homes on the market, there’s room for them to find the right fit, while sellers still enjoy moderate price increases."
As the fall approaches, the balance of growing inventory and a more tempered sales pace may define the market’s future activities. McLaughlin noted, "Given these trends, we could encounter a more measured rhythm as we head toward year-end, with buyers appreciating the wider selection available to them. Concurrently, steady price growth highlights the enduring strength of Northern Virginia’s housing market, which continues to be among the nation’s most competitive and desirable areas."
An analysis of the August 2025 home sales within the Northern Virginia region—covering areas like Fairfax and Arlington Counties, as well as cities such as Alexandria and Falls Church—shows the following key metrics:
- - Closed sales numbered 1,439 in August 2025, up 2.0% from August 2024.
- - The total sold volume reached $1,276,766,754, a year-on-year increase of 5.9%.
- - The average selling price registered at $879,942, marking a growth of 2.5% from August 2024.
- - New pending sales rose to 1,403 units, a gain of 9.6% from the previous year.
- - Active listings stood at 2,475 units, suggesting a 36.4% year-on-year increase.
- - The average time on the market was recorded at 26 days, showing an uptick of 44.4% from August 2024.
- - The months of supply of inventory rose to 1.81, reflecting a 31.2% increase compared to the same month last year.
For further insights into the Northern Virginia housing market, please visit nvar.com/Marketstats. NVAR remains dedicated to enhancing Realtor® success and advocating for ethical practices within the greater Northern Virginia region.
Follow NVAR on social media and stay updated on the latest housing trends in Northern Virginia!
Topics General Business）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.