July brought some interesting shifts in the Northern Virginia housing market, diverging from what we’re seeing nationally. Inventory here climbed by 19.6%, with most of the increase in condos and attached homes. At the same time, sales dipped slightly—down 1.9%—and the median price inched down 1.3%, settling at $750,000. Notably, homes are still moving quickly, with an average of just 21 days on the market and only 2.13 months of available inventory—much tighter than the 4.6-month supply nationally. As someone deeply connected to the rhythms of Prince William County and Northern Virginia, I’m always tracking these nuances to help my clients navigate each turn in the market with confidence and clarity.
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