Home Sales Rise in Northern Virginia, But Inventory Remains Tight as Days on Market Climb

Home sales in Northern Virginia rose in March, but the market remains constrained by low inventory and longer days on market. The Northern Virginia Association of Realtors reported 1,336 homes sold in March 2025, an 11.2% increase from March 2024. At the same time, the average days on market climbed to 25, a 38.9% increase from the prior year, reflecting more deliberate buyer behavior. The median sold price reached $760,000, up 0.6% year-over-year. Despite the price gain, the modest increase suggests a more stable pricing environment compared to previous years. Active listings declined by 2.1% to 1,938 in March, and the month’s supply of inventory dropped to 1.39 months, a 4.4% year-over-year decrease. The tightening inventory reinforces competitive conditions, with sales absorbing available supply quickly.