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Mid-Summer Market Sees Increased Inventory as Houses Take Longer to Sell | Northern Virginia Real Estate Market | Monthly Market Stats for July 2024

Writer's picture: Scott FordScott Ford

The July 2024 Bright MLS monthly data for the Northern Virginia & Washington Metro real estate market is provided below for the following areas:


  • Alexandria City.

  • Arlington County.

  • Fairfax County.

  • Loudon County.

  • Montgomery County.

  • Prince Georges County.

  • Washington DC.


The "Summer" Market comprises most of June through August in our area. This year, the mid-Summer market brought increased inventory as houses take longer to sell, but the inventory level is still low relative to house options for Buyers who are actively looking for a new home.


The current low inventory situation poses challenges for buyers to successfully obtain a Home of Choice, as well as opportunities for sellers. The quality, credibility, and experience of your agent will have a decisive impact upon your home selling or buying outcome.



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Licensed in Virginia. Each office is independently owned and operated. Office in Alexandria. 703.562.1800  Bella Casa Partners™ is an agent team of KW United – Alexandria/Kingstowne. Information deemed reliable, but not guaranteed. If you are currently under a brokerage agreement with another agency, this is not a solicitation.

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