
08/25/2025
The frenzy has faded and mortgage rates have come down.
In the months of June-August, leases are starting to end, and many renters are switching into month-to-month mode because they are getting serious about buying a home before the end of the year.
Did you know that nationally, only 1 in 5 homes (205) received multiple offers in June 2025. Compare that to 31% last year and 39% in 2023, that means we're in the middle of a balancing act between buyers and sellers.
Here's what's happening in Virginia:
🏡 At the end of July, there were 24,429 active listings, a 27.5% increase from a year ago, which is an additional 5,267 listings.
Here's what's happening in Northern Virginia:
🏡 In July, there were 4,411 active listings, a 47% increase from a year ago, which is an additional 1,411 listings.
Right now, there are more opportunities for buyers, more homes to choose from. Take a look at these Alexandria VA homes that just had a price reduction👉: https://bit.ly/45zDZAd
Let's find your home today!