The Virginia housing market continues to be good for people who are looking to buy and sell, not so much, necessarily, for the unhoused and underhoused.
The number of homes sold was up 8.9 percent in September, year over year, and there was a 25 percent increase in housing inventory, according to the September 2025 Virginia Home Sales Report released by Virginia REALTORS®.
The median sales price continued climbing last month. In September, the median was $420,000, reflecting a modest increase of $800 over September 2024, while total sold volume rose to $4.7 billion – a 13 percent increase.
More than four out of five local markets in Virginia saw an increase in the median sales price last month.
“September’s increase in home sales and rising inventory reflect a resilient housing market,” said Virginia REALTORS® Chief Economist Ryan Price. “While broader economic uncertainty and labor market pressures remain factors to watch, the data shows that buyers are actively engaging and the market continues to move forward.”
Again, this is good for people who are already good, not so much for those who aren’t.
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Chris Graham
