Northern Virginia Housing Market Defies High Rates With June Growth
Northern Virginia’s housing market maintained a steady upward climb in June, as rising inventory met persistent buyer demand. Data from the Northern Virginia Association of Realtors shows that despite elevated mortgage rates and ongoing affordability pressures, the region recorded 1,919 closed sales and a median price of $810,000.
The regional sales volume reached $1.85 billion in June, a 12.7% increase compared to the same period last year. Home values maintained their momentum with a 5.2% rise in the median sold price, while properties moved faster than in 2025, spending an average of 19 days on the market. This competitive pace suggests that well-prepared listings continue to draw significant attention from buyers.
Active listings grew to 2,816 homes, a 12.1% boost that provided buyers with more selection than they had seen in months. While this inventory expansion is a positive shift, NVAR leadership notes that the supply remains below the threshold for a truly balanced market. NVAR CEO Ryan McLaughlin emphasized that while the market is finding better equilibrium, demand continues to outpace supply, keeping upward pressure on prices. In Loudoun County, the trend mirrored the broader region, with 531 closed sales and a median price of $818,000, as buyers remained active despite the tightening supply constraints.
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