There are more homes on the market in Virginia, and they’re staying there longer, according to data from the July 2025 Virginia Home Sales Report released by Virginia REALTORS® this week.
There was a surge in new listings last month, much of which occurred in Northern Virginia and Hampton Roads, according to the report.
Wonder how much that has to do with layoffs in federal government and among government contractors due to the Trump Big Ugly Bill and DOGE.
In total, there were 13,898 listings that came onto the market across the Commonwealth in July, an influx of 1,459 listings compared to last year – an upswing of nearly 12 percent.
The other side to this: homes are staying on the market longer.
The statewide median days on market was 15 in July 2025. This is five days longer than a year ago, and more than double the amount of time homes stayed on the market two years ago.
The increase in supply is likely keeping homes on the market longer.
“Virginia’s housing market has seen a big jump in listings for much of the past two years, but the trend has accelerated in 2025,” said Virginia REALTORS® 2025 President Lorraine Arora.
“This trend is likely to continue,” Arora said. “Buyers now have more options, and even though the overall months of supply remains tight, the market is shifting more into balance.”
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Chris Graham
