We are due for a market update!  The first graph demonstrates the rise of median sale price year-over-year since 2019.  These numbers include all residential sales for Alexandria, Arlington, Fairfax, Falls Church, and Prince William and Loudoun Counties.  It does not differentiate between the type of housing (i.e. condo vs. single family home), which do not always experience the same trends, but the chart does provide an overall snapshot of monthly sales activity.

The second chart is a little harder to read.  Essentially the number of sales in the last three years has dropped compared to 2022 and earlier.  Years 2023, 2024, and 2025 (dashed) are almost identical.  Not included in the chart is January 2026.  We did have an increase in the number of sales but it dropped to an all time low in February.

The average number of days on market increased by 5 in 2025, a slow incline since the drop in 2020.

It is difficult to summarize the data because there are homes sitting for much longer than average and some are under contract before hitting the market…sometimes within the same neighborhood.  Despite the inconsistencies, I believe it is a good time to sell.  Prices are holding firm even if time on the market is longer than past years.

Buyers saving to make a purchase might want to think twice.  Unless money saved and interest earned is greater than the rise in prices, the gap between preparing for and making a purchase will only widen.

It is never too early to reach out to discuss whether it is the right time for you and/or to review the sales activity in your specific areas.  An informed decision is the best decision.  Don’t let media or national news steer you.

Wishing you the very best this spring and keep in touch!  🙂