04/17/2026
Demand is clearly picking up heading into spring, with pending sales outpacing closed sales in both categories. Single-family inventory remains tight, keeping prices elevated, while the condo market is offering more choices at lower prices — a potential opportunity for budget-conscious buyers. The housing market showed steady activity in March, with sales gains across both property types despite tightening inventory on the single-family side.
Single-Family Homes
Closed sales rose 5.2% year-over-year to 1,299, and pending sales jumped 8.4% to 1,723 — a strong signal of continued buyer demand. The median sales price climbed to $410,000 (up from $399,900), though homes are sitting slightly longer at 39 days on market versus 37 last year. Available inventory dipped 8.3% to 2,220 homes, meaning buyers have fewer options to choose from.
Condos & Townhomes
Sales were essentially flat at 243 (up just 0.4%), but pending sales surged 12.6% to 330, suggesting momentum building into spring. The median price dipped 8.6% to $360,000, which could be attracting more buyers. Days on market increased noticeably — from 38 to 46 days — and inventory grew 13.8% to 699 units, giving condo buyers more selection.
Housing markets across Northern Virginia, Central Virginia and Hampton Roads posted year-over-year sales gains in March.
