Are you up to date on what’s moving the Northern Virginia housing market right now?
The latest Northern Virginia Realtor Association (NVAR) market report offers critical local insights that help buyers, sellers, and real estate professionals make smarter decisions.
Here are the Top 5 takeaways you need this week:
1. Inventory Is Expanding
The most recent report shows a meaningful increase in active listings compared to last year. This gives buyers more choices — and sellers more competition.
2. Closed Sales Are Down Year‑Over‑Year
While more homes are available, closed sales dipped slightly compared with November 2024. This is common during seasonal market shifts and suggests buyers are moving more slowly.
3. Prices Continue Rising
Despite lower sales volume, median home prices climbed, underlining the enduring strength of demand in Northern Virginia.
4. Homes Are Taking a Bit Longer to Sell
The “days on market” metric increased, signaling a shift toward a more balanced pace — encouraging for buyers who are no longer in a sprint to secure homes.
5. Local Trends Often Differ From National Patterns
Northern Virginia’s market often outpaces national trends in sales growth and inventory dynamics — making local data like the NVAR report indispensable for decision‑making.
Why This Matters
Weekly NVAR stats are official, localized market indicators you can trust — whether you’re planning to buy, sell, or advise clients. They show real trends specific to Fairfax, Arlington, Alexandria, and surrounding communities, not just broad national patterns.
Read the full report here: https://www.nvar.com/news/
Stay informed — it’s one of your best tools in a dynamic real estate market.
