Northern Virginia Home Sales Rise 4.2% in April as Median Price Reaches $815,000
Updated
Updated · PR Newswire · May 12
Northern Virginia Home Sales Rise 4.2% in April as Median Price Reaches $815,000
4 articles · Updated · PR Newswire · May 12
1,650 homes closed in Northern Virginia in April, up 4.2% from a year earlier, while total sold dollar volume jumped 11.2% to nearly $1.58 billion.
$815,000 was the regional median sold price, up 4.6%, as strong buyer demand kept pressure on a market still constrained by limited supply.
2,556 active listings were on the market, up 1.9%, but months of supply slipped to 1.83—well below the roughly five to six months considered balanced.
18 days was the average time homes spent on the market, up 28.6%, suggesting buyers are taking slightly longer to decide even as conditions remain seller-friendly.
Loudoun County mirrored the regional trend with sales up 4.2% to 496, while its inventory tightened further as active listings fell 8.5% and supply dropped to 1.6 months.
Homes are selling for more, yet staying on the market longer. Is this the first crack in Northern Virginia's housing armor?
As new housing laws take effect, will Northern Virginia's affordability crisis finally ease, or are prices permanently out of reach?