US EditionNorthern Virginia Housing Market Continues to Balance
- The Northern Virginia housing market recorded 1,764 home sales in May 2025, a 4.2% decline from May 2024, with transactions totaling about $1.56 billion.
- This market adjustment comes amid a rise in available homes and a slowdown in sales activity, influenced by economic challenges and homebuyers’ cautious response to changing mortgage rates.
- Active listings surged 50% year-over-year to 2,636 units, and months of supply rose 48.4% to 1.96, giving buyers more options and time.
- Average sold prices climbed 1.3% to $891,185 while homes spent 15 days on the market, a 40% increase compared to last year.
- Overall, the market is transitioning toward balance, with steady demand and improving supply suggesting cautious optimism for Northern Virginia's housing outlook.
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Northern Virginia Housing Market Continues to Balance
Sales Ease, Inventory Grows, and Prices Hold Steady Amid Changing Conditions FAIRFAX, Va., June 10, 2025 /PRNewswire/ -- The Northern Virginia housing market in May 2025 continued its transition toward more balanced conditions, with increased inventory and longer time on market giving buyers some needed breathing room, according to the Northern Virginia Association of Realtors® (NVAR). While the pace of sales has slowed slightly, home values rem…
·New York, United States
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Total News Sources39
Leaning Left5Leaning Right4Center11Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 25%
C 55%
R 20%
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