May stayed competitive despite affordability pressure
NVAR reported 1,598 closed sales in May 2026, up 11.0 percent from May 2025, with a median sold price of $812,012.
Homes still moved quickly. Average days on market was 15 days, unchanged from May 2025.
Inventory improved, but not enough to reset the market
Active listings reached 2,733 units in May 2026, up 3.7 percent year over year. Months of supply was 1.93, still far from a balanced market.
That means buyers may see more choices than the tightest periods, but well-prepared homes in desirable locations can still draw fast decisions.
The broader region also showed resilient demand
Bright MLS reported a Mid-Atlantic median sold price of $450,000 in May 2026, up 3.4 percent year over year, with active listings up 10.1 percent but still 30 percent below 2019 levels.
Mortgage rates remain a major filter for affordability. Freddie Mac reported the average 30-year fixed rate at 6.49 percent as of June 25, 2026.
Planning checklist
0 of 4 complete
Sources
Common questions
Is Northern Virginia a buyer's market in 2026?
Not based on May 2026 supply. NVAR reported 1.93 months of supply, which still points to a competitive seller-leaning market.
Are prices falling in Northern Virginia?
NVAR reported the May 2026 median sold price at $812,012, up 2.9 percent from May 2025. Conditions still vary by property type, price point, and neighborhood.