Home Prices Trend Down in July
July Prices Fell 3.3% from June: The median home price in Northern Virginia softened by another 3% in July after hitting a new high of $660,000 in May. All major sub-markets in Northern Virginia declined in price between 1 to 5%, except Arlington which bucked the trend hitting a new price high of $738,000.

Even with the recent softening in prices in June (3%) and July (3.3%), it's important to note prices are still holding up as the ma...

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Are Home Prices Falling in Fairfax?

June Prices Fall 3% from May: The median home price in Northern Virginia fell for the first time in 2022. After hitting a new high last month of $660,000, the median price in June fell $20,000 (3%) to $640,000. Prices in all major Northern Virginia sub-markets declined together, except for Prince William which increased 1.6% ($9,000) to another new price...

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Home Prices Trend Up in May
May Prices Increased 2.3% from April: The median home price in Northern Virginia continued to trend up hitting a new high of $660,000, adding another $15,000 to last month's $645,000 median price. All major sub-markets in Northern Virginia increased in price between 2 to 3% with Arlington leading at 6%. Loudoun was the only sub-market declining in May (-3%).

The unrelenting increase in interest rates is impacting bu...

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Home Prices Trend Up in April
April Prices Increased 4.9% from March: The median home price in Northern Virginia continued to trend up hitting a new high of $645,000, adding another $30,000 to last month's $615,000 median price. All major sub-markets in Northern Virginia increased in price with Loudoun leading at 6%, Fairfax (5%) and Prince William (1%). Arlington was the only sub-market declining in April (-1%).

The unrelenting increase in int...

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Prices Spike Up, Breaking 2021 Highs
March Prices Increased 7% from February: March was a strong month in Northern Virginia home prices much like we experience seasonally in our region (March 2021 was up 6.8% by comparison). The median home price in Northern Virginia increased $40,000 from February ($575,000) to March ($615,000). This breaks the former high mark of $603,000 set in May/June-2021. All major sub-markets across Northern Virginia moved up together in March breaking former price highs, except in Arlington. Arlington was down 1.5% and still sits 10% below its May-2021 high. Prince William led the March move in our region, up 13%...

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