Northern Virginia Housing Market Sees Inventory Growth Led by Condos and Attached Homes
In August, Northern Virginia's housing market saw an increase in inventory driven primarily by condos and attached homes. Despite a decline of 8% in closed sales compared to the previous year, buyers had more options due to rising availability in certain segments. The median home price rose slightly by 2%, indicating that demand for suitable properties remains strong despite fewer transactions. Active listings increased by 18.5% from August 2025, with condos and attached homes accounting for most of the growth. Detached home inventory declined while townhomes and condos expanded significantly in availability. The average days on market remained stable at 26 days, suggesting that desirable properties continue to sell quickly. The months of supply increased slightly but still remain below a balanced market level. Market leaders note affordability challenges and financing costs as key factors affecting buyer behavior.
