Real Nova Network by Chris Colgan - condo market Northern Virginia 2026

February 2026 Northern Virginia Housing Market Report: Buyers Are Back — But Sellers Are Still Hiding

Posted by Chris Colgan on March 16th, 2026

The spring market is officially trying to wake up. The only problem? Half the participants didn't show up.

February 2026 delivered a telling split across the Washington D.C. metro real estate market: buyer demand is climbing while seller supply has fallen to its lowest February level since at least 2003. Only 3,574 new listings came onto the market last month — a 12.8% drop from the same time a year ago. Meanwhile, new pending sales rose 3.9% year-over-year and showings increased 3.0%. Buyers are out there. Homes are not.

I've covered the Northern Virginia housing market for over 18 years and closed more than $1 billion in transactions across Fairfax, Loudoun, Arlington, Prince William, Alexandria, and Fauquier counties. That combination — rising…

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