Mid-June Market Update| A Deep Dive on How Increasing Days on Market are Leading to a (More) Balanced Market | Northern Virginia Real Estate Market

Scott Ford
2 days ago
2 min read

Updated: 3 hours ago

How is the Northern Virginia real estate market in mid-June? Let's take a Deep Dive into how the increasing Days on Market numbers are pushing towards a 'Balanced' Market where Buyers have more choices and more leverage than we have seen in 2023 or 2024.

Buying activity during March through May measured by New Contracts is essentially the same as 2024. New Contracts in Fairfax County during this period are only up by <2% (71 more Contracts out of 3833 total New Contracts during March-May 2025). New Contracts for the first half of June are slightly up versus 2024 (+6.7%).

New Listings are up slightly during the same period (+9.7%).

However, Active Listings in Fairfax County (measured as number of houses listed for sale) during March, April, & May were up significantly over 2024 (+55.1%, +62.3%, & +46.3%). The other Washington, DC Metro localities also show significant % increases in Active Listings.

How can we have so many more Active Listings for Sale with the same level of Contracts and without a deluge of New Listings versus 2024?

Buyers are taking longer to decide on a new home. The mid-June Average Days on Market (DOM) for Active Houses for Sale in Fairfax County is 40 days. Active Listings in Fairfax County for April and May were up significantly over 2024 (62.3% in April & 46.3% in May).

Buyers have more houses to choose from. More choices means a market environment where Buyers have more leverage than we have seen during the past two years. If the DOM trend continues, even as New Listings trend downward into July per historical norm, we will likely be in a “Balanced” market, which is defined as 3 months of house inventory. At present, we are just over 2 months in the NoVA market, which is double the level seen in the last 5 years during the Spring Market. Our market has been locked in a sub-1 month inventory range for so long that a 2 month supply of Inventory “feels” & “acts” like a Balanced Market.