Real Nova Network by Chris Colgan - Prince William County housing market

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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Northern Virginia Housing Market Update: What the Data Really Says Heading Into 2026

Posted by Chris Colgan on January 15th, 2026

Every time the housing market slows down even slightly, headlines jump to extremes. Either the market is about to crash — or it’s about to take off again.

Neither of those narratives reflects what’s actually happening.

The Northern Virginia housing market heading into 2026 is best described as recalibrating. Prices are mostly still rising, homes are taking longer to sell, and buyers and sellers alike are acting more cautiously. To understand why, it helps to zoom out first and look at the national picture — because what’s happening across the country explains much of what we’re seeing locally.

The National Housing Market: Stabilizing, Not Crashing

Nationally, housing activity ended 2025 on a stronger note than many expected. Existing…

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