Northern Virginia Outpaces U.S. Housing Market in April with Stronger Prices and Inventory Growth

Region Shows Greater Stability Than National Trends

FAIRFAX, Va., May 27, 2025 /PRNewswire/ -- The national housing market saw a continued slowdown in April, but Northern Virginia stood out with stronger home price appreciation, increased inventory, and steady buyer activity that signaled resilience and stability across the region, according to the Northern Virginia Association of Realtors® (NVAR).

Northern Virginia's housing market continued to demonstrate strong price growth in April, with the median sold price rising 3.7% year-over-year to $779,000 — significantly outpacing the national increase of 1.8%, which brought the U.S. median to $414,000. While closed sales in the region dipped 2.4% compared to April 2024, the decline was in line with national trends, where existing-home sales totaled 4.0 million — a 2.0% decrease from the previous year.

"Our region continues to distinguish itself as a high-demand, high-value market, even amid broader national headwinds," said NVAR CEO Ryan McLaughlin. "While many U.S. markets are experiencing a slowdown, our region is maintaining upward price momentum and seeing a significant boost in inventory — both signs of a healthier, more balanced housing landscape."

Inventory in Northern Virginia rose significantly in April. Active listings reached 2,508 homes — a 69% year-over-year increase — and months of supply jumped to 1.85, up 65.8% from April 2024. In comparison, the national months of supply rose more modestly to 4.4 from 3.5 year-over-year. Nationally, the average days on market was 29 days, an increase from 26 days in April 2024. Meanwhile, Northern Virginia's average days on market was considerably lower at 14 days, unchanged from a year ago and underscoring continued buyer interest.

"This kind of supply growth gives both buyers and sellers greater confidence," McLaughlin added. "Buyers are no longer pressured by extreme scarcity, and sellers are still benefiting from strong home values. The Northern Virginia market is approaching a healthier balance that supports long-term sustainability. Homes are still moving quickly, with average days on market holding steady at just 14 days — a sign that demand remains steady."

While some national markets are seeing a softening in competition, Northern Virginia's pricing power and buyer engagement remain intact. This positions the region as a continued bright spot in an otherwise cooling national landscape.

"The Northern Virginia housing market remains steady, with varying levels of activity depending on the area," said NVAR President Casey Menish, Pearson Smith Realty. "Local dynamics play a key role, and we continue to monitor potential impacts from changes to the federal workforce. Overall, confidence in the market continues to hold."

With both national and local markets in a period of transition, Northern Virginia's April performance suggests a path of relative strength and opportunity as the spring market continues to unfold.

NVAR's 2025 Housing Forecast, produced in conjunction with the George Mason University Center for Regional Analysis, indicates that the Northern Virginia housing market will keep strengthening with moderate price increases and higher levels of market activity. Northern Virginia's outlook is similar to the national 2025 housing forecast that predicts the worst of the housing inventory shortage is ending, mortgage rates are stabilizing, and job additions are continuing.

BACKGROUND
The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below is April 2025 regional home sales compared to April 2024 for Northern Virginia, with data derived from Bright MLS as of May 9, 2025 (total sales and listings may not include garage/parking spaces):

• The number of closed sales in April 2025 was 1,584 units. This was a 2.4% decrease compared to April 2024.
• The volume sold in April 2025 was $1,419,601,631. This was a 2.2% increase compared to April 2024.
• The average sold price was $908,086 in April 2025. This was up 3.3% compared to April 2024.
• The number of new pending sales in April 2025 was 1,742 units. This was down 5.5% compared to April 2024.
• The number of active listings in April 2025 was 2,508 units. This number was up 69.0% compared to April 2024.
• The number of new listings in April 2025 was 1,984 units. This number was up 8.42% compared to April 2024.

Read more about the NVAR regional housing market at nvar.com/Marketstats.

NVAR Charts, Graphs, Social Media for April 2025 NVAR Housing Stats
April Housing Data: Click here.
Regional Jurisdiction Infographic: Click here.
NVAR Region Infographic: Click here.
NVAR 2023 Housing Economic Impact Report: Click here.
NVAR 2025 Housing Forecast Update Report: Click here.
These links are accessible from the Market Stats page here: Click here.

About NVAR
The Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. NVAR is dedicated to enhancing Realtor® success by delivering exceptional value, driving innovation, and impacting the industry. Headquartered in Fairfax, Virginia, NVAR supports its 12,000 members with essential resources, including industry education, advocacy, networking, and professional development opportunities. The Association is committed to promoting ethical practices and excellence in real estate. It advocates on behalf of homebuyers, sellers, renters, and commercial tenants who are directly affected by local, state, and federal policy decisions impacting affordability, property rights, and quality of life. NVAR strives to elevate the standards of the real estate industry and to contribute to the overall growth and prosperity of the Washington DC Metropolitan Area and beyond. nvar.com. 

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SOURCE Northern Virginia Association of Realtors® (NVAR)