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Northern Virginia Housing Market April 2025 Overview

The Northern Virginia housing market exhibited notable strength and resilience in April, contrasting sharply with the national trends. According to the Northern Virginia Association of Realtors® (NVAR), the region witnessed significant home price appreciation and a substantial increase in inventory, offering a refreshing perspective in an otherwise cooling national landscape.

In April 2025, the median sold price for homes in Northern Virginia soared to $779,000, reflecting an impressive 3.7% year-over-year increase. This growth is more than double the national median price rise of 1.8%, which brought the average U.S. home price to $414,000. Although closed sales in the area dipped by 2.4% compared to the same time last year, this decline aligns closely with national trends, where existing-home sales experienced a 2.0% decrease, totaling 4.0 million units sold.

Ryan McLaughlin, CEO of NVAR, remarked, “Our region continues to distinguish itself as a high-demand, high-value market, even amid broader national headwinds.” He emphasized that Northern Virginia is maintaining its upward price momentum while experiencing a noteworthy boost in inventory, indicating a healthier housing landscape.

Increasing Inventory and Buyer Activity

Active listings in Northern Virginia reached a remarkable 2,508 homes in April, showing a staggering 69% increase year-over-year. The months of supply available surged to 1.85, marking a 65.8% rise since April 2024. In comparison, the national months of supply saw a more gradual increase, moving from 3.5 to 4.4. The average time a home spent on the market remained stable at 14 days, showcasing steadfast buyer interest despite fluctuating national conditions; the overall U.S. average time increased to 29 days.

“This kind of supply growth gives both buyers and sellers greater confidence,” added McLaughlin, highlighting how the shift in inventory dynamics allows buyers to navigate the market without the pressures of extreme scarcity. Sellers, in turn, benefit from maintaining strong home values. The evolving Northern Virginia landscape is shifting towards a more balanced market, promoting long-term sustainability.

Market Stability Amid Competition

In contrast to some national markets, where competition is softening, Northern Virginia's prices and buyer engagement remain robust. The region continues to be a beacon of strength within a more subdued national market.

NVAR President Casey Menish noted varying activity levels across the area, yet overall market confidence appears to be stable. He stated that local dynamics play a critical role, especially considering potential changes impacting the federal workforce.

As both local and national markets transition, the April performance in Northern Virginia reflects a solid pathway toward strength and opportunity as the spring market progresses. NVAR's Housing Forecast for 2025, created in partnership with the George Mason University Center for Regional Analysis, indicates continued momentum for the Northern Virginia housing market, projecting moderate price increases alongside rising levels of market activity. This outlook aligns with the national housing trend, suggesting an end to the worst of the inventory shortages and stabilization of mortgage rates, supported by a continuing trend in job additions.

April 2025 Market Statistics

• - Closed Sales: 1,584 units (down 2.4% from April 2024)
• - Total Volume Sold: $1.42 billion (up 2.2% from April 2024)
• - Average Sold Price: $908,086 (up 3.3% from April 2024)
• - New Pending Sales: 1,742 units (down 5.5% from April 2024)
• - Active Listings: 2,508 units (up 69.0% from April 2024)
• - New Listings: 1,984 units (up 8.42% from April 2024)

In conclusion, the Northern Virginia housing market remains an intriguing focal point amidst the broader national slowdown, showcasing figures that indicate resilience and a robust future ahead. NVAR is dedicated to supporting its members and advocating for the region's best interests, encouraging transparency and ethical practices in real estate dealings across the region.