The Northern Virginia housing market demonstrated robust growth in June, as reported by the Northern Virginia Association of Realtors. The region saw a 13.6% increase in home sales compared to the previous year, with 1,847 units sold. This surge in sales contributed to a total transaction volume exceeding $1.64 billion, marking a 15.2% rise from June 2024.

Inventory levels played a pivotal role in this growth, with active listings soaring by 52.7% year-over-year to 2,512 properties. This increase in inventory provided buyers with more options, leading to a more balanced market. The months of supply also saw a significant uptick, reaching 1.84, a 46.5% increase from the previous year, offering buyers greater flexibility in their purchasing decisions.

Despite the strong buyer activity, the market witnessed slight adjustments in pricing and the pace of sales. The median sold price in June 2025 experienced a modest decline of 1.3% to $770,000, while homes remained on the market for an average of 20 days, a 42.9% increase from June 2024. These trends suggest a market that is gradually normalizing, providing a healthier environment for both buyers and sellers.

Ryan McLaughlin, CEO of NVAR, described the current market conditions as a ‘healthy recalibration,’ emphasizing the benefits of a more measured approach to buying and selling. Veronica Seva-Gonzalez, a board member at NVAR, noted the increased options available to buyers, allowing for more thoughtful decision-making without sacrificing competitiveness.

Looking forward, NVAR anticipates continued market resilience, supported by Northern Virginia’s economic stability and quality of life. The association remains optimistic about the region’s housing market performance for the remainder of the year, especially if more sellers choose to list their properties.

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