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Tim Trainum Properties
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English
August
12

by

What Has Changed in the Last Few Months?
  1. More Homes & Fewer Showings: There are approximately 25% more homes coming onto the market for sale than in the late winter to spring months. Part of this is seasonal and part is the result of more and more sellers wanting to take advantage of higher prices. Showing requests from buyers have slowed by 27% in the last several weeks. This is due in part to the seasonal effect of summer vacations combined with more holiday weekends. Additionally, the buyer surge that ensued after the lifting of Stay-at-Home orders and falling interest rates has abated. Net buyers entering and exiting the market have declined.

  2. Not as Many Offers: Current dynamics are producing significantly fewer offers. While the current market is still a competitive buying environment, we're not seeing as many multiple offers from buyers. Homes that would have received 10 to 15+ offers earlier this year can now receive less than 5 offers. In many cases, homes are receiving just 1 or 2 offers. More and more homes are not selling in the first weekend like in previous months. Days on market to a contract have increased 18% since May.

  3. Prices Cooling: While much of the price gains accumulated from December to April have been maintained, the price trends shown in the first graph above have clearly flattened to turned down across all sub-markets in Northern Virginia. In the last few months, prices have fallen from 3 to 9% depending on the sub-market with Arlington County leading the decline.

  4. Home Demand Index Falls: The Home Demand Index (HDI) is a Bright MLS tool that measures and tracks housing demand, home prices, and home buying activities by analyzing property data gathered from the MLS. The HDI has fallen 35 points (22%) to 123 from an April high of 158. Similarly, the index has cooled to a whole new category from "high" to "moderate" demand across the Northern Virginia region. July marked the first time in the last 12 months when the HDI was below the level one year earlier. This crossover is further evidence of some of the rebalancing that is occurring between buyers and sellers. 

  5. Buyer Opportunity Sits at Relative High: The housing market remains competitive and seller advantaged for sure. However, this is the first time frame in the last 8 months when buyers have been able to compete with much more success. Also during a time when interest rates are holding at near all-time lows. Buyers who have been waiting on the sidelines or exited the market would be pleasantly surprised to see how the current market can be more successfully navigated.
Categories: Sellers
Tim Trainum Properties
Tim Trainum Properties
  • 43777 Central Station Drive
  • Suite 390
  • Ashburn, VA 20147

Office: (571) 386-1075 Cell: (703) 568-6750 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/01/2026. The listing information on this page last changed on 04/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Wed 04/01/2026 12:14:47 PM EST) or (last updated Wed 04/01/2026 12:30:16 PM EST). Real estate listings held by brokerage firms other than Delta Agent Sites may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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