Northern Virginia Home Prices Continue to Ease into the Fall

by Tim Trainum

Northern Virginia Home Prices Continue to Ease into the Fall Season

Prices Decline 4.2% in August: Home prices in all sub-markets across Northern Virginia fell again in August. This continues the month-over-month trend experienced since prices reached their relative highs in May. 4.2% is the largest single-month decline during the last three months, but well short of the largest single-month gain experienced during 2021 (6.8% in April).
Sellers Hold onto Majority of Price Gains: Northern Virginia home prices began the year in January at a median price of $505,000. Prices rapidly appreciated to $603,000 (19%) by the end of May. Between June to August, the median price fell 6.3% to $565,000. Even with the summer decline, property owners are still holding onto a majority of their 2021 gains - $60,000 of the $98,000 (61%).
Buyers Prefer Suburban Areas: Migration to the suburbs continues to be a clear preference for buyers. The top three appreciating sub-markets YTD 2021 are Manassas (15%), Loudoun (15%) and Fauquier (12%), with Arlington (0%), Alexandria (6%) and Falls Church (6%) lagging.
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. In July, the HDI fell 35 points (22%) to 123 from an April high of 158. The HDI was flat in August, falling only 1 point to 122. The index remains in the "moderate" demand range. If you want to see the full report on the current Home Demand Index, here's the link ....
Buyer Opportunity Sits at Relative High: The housing market remains competitive and seller advantaged. However, buyers are now competing with much more success and confronting fewer instances of multiple offers. Also during a time when interest rates are holding at near all-time lows (2.5 to 2.75% depending on loan type). 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

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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 04/17/2026. The listing information on this page last changed on 04/17/2026. 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 Thu 04/16/2026 7:53:33 PM EST) or (last updated Fri 04/17/2026 4:40:15 AM 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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Northern Virginia Home Prices Continue to Ease into the Fall

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