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housing market

Mar 27, 2025

Statewide home sales declined in February

Virginia home sales slowed in February, according to statewide sales data released Tuesday by Virginia Realtors. The trade association reports that there was a pullback in closed sales in February, with 6,129 homes sold statewide. That’s 604 fewer sales than last February — a 9% decrease. “Some of this was likely due to winter weather […]

Feb 14, 2025

Jan. housing inventory, prices increase in NoVa, Hampton Roads

Housing sales last month increased year-over-year in Northern Virginia but dropped in Hampton Roads, although inventory and sales prices rose in both regions. Northern Virginia Home sales, prices and inventory in Northern Virginia rose year-over-year in January, according to Northern Virginia Association of Realtors data released Tuesday. Last month, 833 homes sold in Northern Virginia, […]

Jan 24, 2025

2024 Va. housing market outpaced 2023 — barely

There were 102,509 home sales in Virginia in 2024. That’s 4,000 more than the previous year, according to Virginia Realtors. “While Virginia’s 2024 housing market ended stronger than 2023, it was still relatively slow compared to average levels,” Ryan Price, chief economist for the trade organization, said in a statement. “Looking ahead to 2025, we predict pent-up […[...]

A home sits inside of a crystal ball.
Dec 27, 2024

Here’s NVAR’s prediction for 2025 NoVa housing market

The Northern Virginia housing market will continue to strengthen in 2025, with moderate price increases and increased market activity, according to the Northern Virginia Association of Realtors’ 2025 regional housing market forecast, produced with George Mason University’s Center for Regional Analysis. Examining the past year, Terry Clower, director of the Center for Regional Analysis [...]

Dec 20, 2024

Statewide home sales, inventories rose in November

The fall 2024 housing market has outpaced the fall 2023 market across the commonwealth, according to statewide November sales data released Dec. 20 by Virginia Realtors. “For two months in a row now, Virginia has seen double-digit growth in closed sales,” Ryan Price, the trade organization’s chief economist, stated in a news release. In November, […]

Dec 13, 2024

NoVa, Hampton Roads housing markets improve in November

The Northern Virginia and Hampton Roads housing markets in November showed signs of improvement from the same month last year, including increased home sales and selling prices. Northern Virginia Home prices and sales activity in Northern Virginia rose year-over-year last month, indicating a healthier market than the November 2023 one. November housing sales in Northern […]

Active listings by locality at the end of October. Image courtesy Virginia Realtors
Nov 25, 2024

Va. home sales, inventory rises in October

Housing sales and inventory in Virginia rose in October, with closed sales up 12.5% from October 2023, according to Virginia Realtors data released Nov. 22. Last month, 8,732 homes sold in Virginia — 968 more than sold in October 2023. The influx of closed sales in October resulted from the jump in pending sales — […]

Historical September pending home sales in Virginia. Image courtesy Virginia Realtors
Oct 25, 2024

Va. pending home sales, prices rose in September

Pending home sales in Virginia rose in September — increasing almost 14% from September 2023 — suggesting more buyers are entering the market, according to Virginia Realtors data released Tuesday. Last month, 8,065 homes sold in Virginia, a less than 1% increase from September 2023. Although closed sales remained relatively flat year-over-year, pending sales rose, […]

Sep 27, 2024

Va. Realtors: Home sales to increase 9.8% in 2025

Virginia Realtors forecasts a 9.8% year-over-year increase in home sales in 2025, according to its 2025 Economic & Housing Market Forecast, released Thursday. So far this year, housing sales in the state are outpacing sales last year (although the pace of sales is below the annual average) and are on track to be up 2.9% […]

August market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Sep 13, 2024

NoVa, Hampton Roads home sales decline in August

Home sales in Northern Virginia and Hampton Roads dropped year-over-year and month-over-month in August, although inventory and selling prices in both regions increased from the same time last year. Northern Virginia August home sales in Northern Virginia dropped 8.1% from August 2023, according to data released Sept. 12 by the Northern Virginia Association of Realtors. […]

A bar chart of Virginia home sales in July.
Aug 26, 2024

Inventory grew in Va. housing market in July

Inventory grew for Virginia’s housing market in July, according to Virginia Realtors data released Aug. 21.  At the end of July, there were 19,162 active listings in the state, which was 4,223 more listings than in July 2023 — a 28.3% increase. Of those listings, 12,439 came onto the market in July, a 13.6% increase […]

July market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Aug 16, 2024

NoVa, Hampton Roads home sales rise in July

Home sales in Northern Virginia and Hampton Roads rose year-over-year in July, while inventory as measured by active listings rose year-over-year and month-over-month for both. Both regions also saw median sales prices rise from the previous year but drop from June prices. Northern Virginia July home sales in Northern Virginia rose 13.5% from July 2023 […]

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