Virginia Home Sales Rise 4.5% in April as New Listings Jump 10%

3 articles · Updated · virginiabusiness.com · Jun 1

9,758 homes sold in Virginia in April, up 4.5% from a year earlier and 16.3% from March, extending the state's spring housing-market momentum.
17,111 new listings hit the market, up 10% year over year, lifting active statewide inventory to 23,867 homes—about 1,800 more than a year ago.
10,579 pending sales rose 6.2% from April 2025, while the median sales price climbed 3.5% to $439,945, showing demand held up even as mortgage rates increased since late February.
10 days was the median time on market, down from 16 days in March and matching April last year, suggesting faster turnover as more buyers and sellers entered the market.

As thousands of new homes hit the market, are Virginia's sellers about to lose their pricing power?

While the national market cools, is Virginia's housing boom a sign of economic strength or a vulnerable bubble?