A total of 9,423 homes were sold statewide in Virginia during August just 15 more than one year before, marking a scant 0.2% uptick.
According to data from Virginia Realtors, August also saw 24,606 active listings statewide, a 26.2% surge from last year. Nearly 13,000 properties were added to the market during the month while pending sales were up 3.4% year-over-year.
Homes took longer to sell last month. The median days on market reached 17 days, five days longer than one year before, marking the slowest August pace since 2019.
The statewide median sales price reached $430,000, a 3.6% increase from August 2024. The total sold dollar volume for the month was $5.1 billion, up 4.4% year-over-year.
“Inventory growth has been one of the big stories of 2025,” says Virginia Realtors Chief Economist Ryan Price. “With listings up more than 26% from last year, buyers across the commonwealth are seeing more options than they’ve had in a long time. While supply is improving, demand continues to be tempered by economic uncertainty.”
Photo: Famartin / Wikimedia Commons
