Found 7 blog entries tagged as bright mls.

Northern Virginia Market Update

Northern Virginia Housing Market Is Slowing Down — Here’s What’s Happening in Fairfax, Loudoun, Prince William & DC

Buyer activity has cooled in August 2026, inventory is rising, and sellers are feeling the difference. But the latest numbers do not point to a housing crash.

By Chris Colgan | Real Nova Network • August 2026

“Chris, what is going on with the market?”

I have had a surprising number of sellers call me this week asking essentially the same question.

Those calls have come from all over the region — from Fairfax to Culpeper and everywhere in between.

Part of what we are seeing is normal for late August. Schools are starting back up, families are getting kids settled, vacations are ending…

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Northern Virginia Housing Market Update August 2026: More Homes, Fewer Buyers, and a Major Shift for Sellers

Updated August 2026

The Northern Virginia housing market is changing.

It is not crashing, but buyers have more choices, homes are taking longer to sell, price reductions are becoming more common, and sellers can no longer assume that simply putting a house on the market will create multiple offers.

Across Northern Virginia and the Washington, D.C. metro, inventory is rising while showings and pending sales have slowed.

That means one thing:

The advantage sellers had over the last several years is starting to shrink.

For buyers, this is creating opportunities.

For sellers, pricing and marketing matter more than they…

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By Chris Colgan · The Colgan Team, powered by PLACE at Real Brokerage · August 2026
22+ years selling Northern Virginia real estate, across Fairfax, Prince William, Loudoun, Arlington, and Fauquier counties.

Active listings just hit 5-year highs in every single county I track — all seven, at the same time. That has a name, and it isn't "crash."

I've been watching this market every single day for 22 years, and I'm going to tell you something the headlines haven't caught up to yet: Northern Virginia is slowing down. Price reductions are back. Sellers are handing out closing cost credits again. And the only people moving right now are the ones who have to.

Below are the actual Bright MLS numbers, county by county, what they mean depending on…

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Fairfax County Just Approved a Walkable Centreville. Here's the Parcel I'd Actually Watch.

By Chris Colgan · The Colgan Team, powered by PLACE at Real Brokerage · August 2026
22+ years selling Northern Virginia real estate. Raised in Gainesville, 15 minutes from the Route 28 and 29 crossroads.

On June 23, 2026, the Fairfax County Board of Supervisors voted unanimously to adopt a new long-range plan for Centreville — roughly 2,700 acres reimagined around a walkable town center at Route 28 and Route 29. I've been selling in and around Centreville for 22 years, and the plan is aimed squarely at the one thing this town has always been missing.

Why it matters: Centreville has never had a nightlife problem it could solve, because it has never…

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Spring finally showed up — and so did sellers, buyers, and some numbers that tell a very different story depending on which county you're watching.

I'm Chris Colgan, Northern Virginia realtor and founder of Real Nova Network. Every month I pull the Bright MLS data across the counties I've worked in my entire career — Fairfax, Arlington, Loudoun, Prince William, Fauquier, Alexandria, and beyond — and translate what it actually means for people buying, selling, and living here. April 2026 had some genuinely interesting crosscurrents worth unpacking.

The headline: the D.C. metro market is healing faster than the headlines suggest, but it is not healing evenly. Some counties are in outright seller's market territory. Others are quietly giving buyers…

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If you're trying to make sense of the current real estate market, you're not alone. We're constantly asked, "Is it a buyer's market or a seller's market?"

The answer? It's both.

A brand new market survey from Bright MLS just pulled the curtain back on what's happening in our Mid-Atlantic region, and it confirms what we're seeing on the ground in Northern Virginia: we're in a split market, where opportunity and caution exist side-by-side.

(We're breaking down the key findings from their October 2025 report for you.)


The Good News: Buyers Have Reclaimed Their Power


For buyers who are financially ready, the game has changed in your favor. The frantic, "offer-anything" days of the pandemic are gone.

  • You Can Win on the First Try:…

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The real estate landscape is shifting, and if you’re a homeowner in Northern Virginia, you’ve likely felt the tremors. A recent report from Bright MLS for August 2025 has revealed a stark truth: a staggering 25% year-over-year increase in sellers taking their homes off the market in the Mid-Atlantic region. This isn’t just a statistic; it’s a clear indication that the red-hot market many sellers grew accustomed to is cooling, leaving many wondering why their "For Sale" signs are coming down without a "Sold" one going up.

The Numbers Don't Lie: A Market in Flux


Let's break down what Bright MLS found:

  • 3,000 Homes Delisted: In August 2025 alone, 3,000 homes in the Bright MLS service area (including much of the Mid-Atlantic and Northern…

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