NOVA Buyers Pulled Back in August—But Home Prices Still Haven’t Crashed The Northern Virginia housing market
Posted by Chris Colgan onNorthern Virginia Market Update
Northern Virginia Buyers Pulled Back in August—But Home Prices Still Haven’t Crashed
The Northern Virginia housing market slowed down significantly in August 2026.
Buyers scheduled fewer showings. Fewer homes went under contract. More listings remained available. In parts of Virginia, inventory increased by more than 20% compared with last year.
But here is where the market gets confusing:
Home prices still have not crashed.
The median sales price increased across the overall Washington, D.C. metro area and North Central Virginia, even as buyer activity declined.
After more than 20 years of selling real estate in Northern Virginia, my honest assessment is that we are moving into a market where buyers…
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