Virginia housing market maintains momentum in April

Virginia’s housing market continued to grow in April, with sales and new listings outpacing last year amid strong buyer demand, rising inventory and steady price growth, according to Virginia Realtors.

The trade association reported in late May that 9,758 homes were sold in April, a 4.5% increase from last year’s 9,334 and up 16.3% from March’s 8,388 sales. Pending sales have also strengthened, with 10,579 pending sales in April, a 6.2% increase from last year and up 4.2% from March.

The statewide median sales price was $439,945 in April, about $15,000 higher than April 2025, a 3.5% increase. The association reported that 59% of Virginia’s local markets recorded price growth compared to the same month last year.

April was one of the strongest months of inventory growth since before the pandemic-era supply shortages, according to Virginia Realtors. There were 17,111 new listings last month, a 10% year-over-year increase, and 23,867 active listings statewide, about 1,800 more listings than a year ago.

“April’s numbers reinforce just how resilient Virginia’s spring market has been,” Virginia Realtors Chief Economist Ryan Price said in a statement. “More sellers and more buyers are stepping into the market this year, even as mortgage rates have climbed since late February.”

He said the increase in sales and new listings compared to April 2025 is a sign that demand remains strong in Virginia. Statewide, homes spent a median of 10 days on the market, down from March’s 16-day median, but the same as April last year.

“Realtors are seeing firsthand how these improving conditions are shaping real opportunities for buyers and sellers,” Virginia Realtors 2026 President Curt Reichstetter, co-owner and broker of Two Dog Realty, said in a statement. “With more inventory coming online and steady interest from consumers, our members are helping clients navigate a market that offers more options and clearer paths forward than we’ve seen in recent years.”

Based in Glen Allen, Virginia Realtors represents about 34,000 Realtors and is the state’s largest trade association.