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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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Every time the housing market slows down—even for a moment—the internet jumps to extremes. You’ve seen the headlines: either the market is about to crash, or it’s about to explode again.

Neither of these is happening right now.

Instead of relying on clickbait, I want to do what more people should be doing: walk through exactly what is happening nationally, and then break down the numbers here in Northern Virginia county by county so you can make a rational decision.

Let’s get into the numbers.

 

Watch the Full Market Breakdown:

Prefer to see the charts and graphs for yourself? In this video, I walk through the specific data points for Fairfax, Loudoun, Prince William, and more, so you can see exactly where the market is trending.

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