09/28/2026
Market Monday | Northern Virginia đĄđ
Augustâs numbers reinforce something Iâve been seeing on the ground: Northern Virginia is becoming a more nuanced market, and the story looks very different depending on the type of home youâre buying or selling.
Across the NVAR region in August:
⢠1,324 homes sold, down 8.0% year over year
⢠Median sales price: $765,000, up 2.0%
⢠Active inventory: 2,932 homes, up 18.5%
⢠Months of supply: 2.08, up 14.7%
⢠Average days on market: 26 days, unchanged from last year
The most important number to me is the inventory increase, but itâs not happening evenly.
Attached homes and condos are driving the shift. Condo inventory jumped 44.8% year over year and townhome inventory rose 29.9%, while detached-home inventory actually declined 8.5%. That distinction matters.
For buyers, especially those considering condos and townhomes, more inventory can mean more time to compare options and potentially more negotiating leverage.
For sellers, the days of assuming every property will generate immediate competition are increasingly behind us. Pricing, condition, presentation, and understanding your specific segment of the market matter more than ever.
At the same time, a 2% increase in the median price shows that Northern Virginia has not suddenly become a âbuyerâs market.â Prices are still holding, and with just over two months of supply, inventory remains below what would typically be considered a balanced market.
My takeaway: Northern Virginia isnât simply cooling, itâs becoming more selective. Buyers have more choices in certain segments, while well-positioned homes can still command strong prices.
Thatâs exactly why looking beyond the headline numbers, down to property type, price point and neighborhood, is so important right now.