"That surge far exceeded local sales growth and contributed to a noticeable cooling across a market long defined by bidding wars and chronically tight inventory. Regardless, homes continued to sell in healthy numbers. Northern Virginia recorded 1,228 absorbed transactions in October 2025, an 11.5% increase from the previous year, HousingWire Data shows. The median sale price dipped 0.9% year-over-year sliding from $1,035,782 in October 2024 to $1,026,472 this past October."
"The increase in listings also pushed months of supply sharply higher. Northern Virginia reached 2.04 months of supply in October, up 53.6% from 1.33 months a year earlier the first shift away from extreme seller's market conditions that defined the previous several years. National inventory grew 32.1% over the same period, putting the region slightly ahead in terms of supply relief."
Northern Virginia experienced a surge in listings that outpaced local sales growth and eased extreme seller-market conditions. Absorbed transactions rose to 1,228 in October 2025, an 11.5% year-over-year increase, while the median sale price dipped 0.9% to $1,026,472. Months of supply climbed to 2.04 in October, a 53.6% increase from the prior year, marking a move away from chronically tight inventory and bidding wars. National inventory rose 32.1% over the same period. Buyers gained leverage, with more opportunities to negotiate closing costs, inspections, contingencies, and to face longer market time for listings.
Read at www.housingwire.com
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