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November 2025 Housing Market Overview

The Northern Virginia housing market displayed a significant increase in inventory during November 2025, even as the number of closed sales dropped compared to the previous year. According to the Northern Virginia Association of Realtors® (NVAR), the increase in available listings provided buyers with more options, a welcome change given the historically restrictive market conditions of recent years.

In total, 1,091 closed sales were noted in November, reflecting a 6.6% decline from the figures reported in November 2024. This decline coincided with a slight decrease in the total sales volume, which reached approximately $969,577,300, showing a 1.6% decrease year-over-year. Market dynamics suggest this reduction has been influenced by a shift toward more mid-priced transactions, likely as buyers adapt to changing interest rates throughout the year.

Despite the downturn in sales figures, home prices continued to rise. The median sold price reached $740,000, which indicates a significant 5.7% increase compared to the same month last year. This upward trend in prices reinforces Northern Virginia's position as a highly desirable region for homebuyers.

Additionally, homes in the area began to take longer to sell, with the average days on market extending to 29 days—a 31.8% increase from November 2024. This slowing pace suggests a move toward a more balanced market, moving away from the rapid sales turnover experienced during the past few years.

Perhaps the most striking change was observed in the inventory levels, which saw an increase not witnessed in several years. The number of active listings surged to 2,042 units, marking a substantial 45.1% increase from the previous November. As a result, the months of supply jumped to 1.48, reflecting an increase of 41.2% compared to the same period last year. This boost in inventory is expected to alleviate the intense competition that buyers have faced for homes since 2020.

NVAR CEO Ryan McLaughlin noted, "Northern Virginia is experiencing a meaningful rebalancing. The market remains competitive, but rising inventory coupled with longer market durations grants consumers more time to evaluate their options. This transition supports healthier and more sustainable transactions than the extremely rapid pace observed before."

According to NVAR President Casey Menish from Pearson Smith Realty, "This is a moment of opportunity. Sellers still enjoy robust pricing, while buyers are benefiting from a significantly wider range of listings and more time to consider their purchases. This balance is conducive to better results for all participants in the market."

As we head into the winter season, stability appears to be the theme for both buyers and sellers in the Northern Virginia housing landscape. The improving inventory, diversity of housing options, and solid consumer confidence suggest a conducive environment for real estate activity.

In concluding remarks, NVAR plans to release its 2026 Housing Market Forecast on December 16, 2025, which will offer further insights into potential market developments.

About NVAR

The Northern Virginia Association of Realtors® (NVAR) serves as a key representative in real estate matters across the Greater Northern Virginia region. Committed to promoting Realtor® success through innovation and advocacy, NVAR emphasizes exceptional practices and industry excellence. Their mission encompasses supporting homebuyers, sellers, renters, and commercial tenants, driving positive outcomes in local housing policies and practices. For further insights and updates, visit nvar.com.