A total of 8,482 homes sold in Virginia during in December, a 7.3% year-over-year increase representing an additional 575 sales.
According to data from the Virginia Realtors, the state recorded 6,745 new listings in December, a 1.8% uptick from one year earlier. Statewide, new listings for 2025 rose by more than 14,000 compared to 2024, a 10.7% jump and the largest annual increase in more than a decade.
There were 19,631 active listings on the market at the end of December, 2,450 more than one year ago that marked a 14.3% increase. Virginia’s inventory reached its highest December level since 2019. The median days on market in December was 24 days, five days longer than last year; from an annual perspective, the statewide median days on market in 2025 was 15 days, three days longer than in 2024.
Virginia’s median sales price was $415,000, up $1,510 from last year for an increase of less than 1%. The slowing pace is also reflected in the statewide sold to list price ratio, which was 99.0%, down from 99.4% one year earlier.
“Recent trends like a lower sold to list ratio and rising days on market show Virginia continuing to move toward a more balanced market,” says Virginia Realtors Chief Economist Ryan Price. “Even so, most localities still remain in ‘sellers’ market’ territory.”
Photo: Famartin / Wikimedia Commons
