Key Takeaways

• The June housing market was busy around the Commonwealth. There were 11,598 closed sales statewide, which is 823 more than last June, a 7.6% influx. Halfway through the year, the year-to-date 2026 market is outpacing the 2025 market by 5.5%.
• The median sales price in Virginia in June was $460,000, up about $14,000 from last June (+3.1%). Home prices continue to climb in most parts of the state.
• Sold dollar volume surged this month in the state’s housing market. There was approximately $6.8 billion of sold volume statewide, an influx of nearly $1 billion of volume compared to a year ago (+16.8%). Higher prices and more sales fueled the volume growth this month.
• More sellers are entering the market in Virginia. There were 26,758 active listings across the state at the end of June, nearly 2,500 more than a year ago, a 10.2% increase.

Outlook

Virginia’s housing market had its busiest spring market in four years, even as mortgage rates climbed in early spring and held firm in the mid-6% range in late spring. Will these trends hold into the second half of the year? Here are some key factors to monitor:

• The housing market has shown resiliency so far in 2026. Much of this is due to more listings coming onto the market which has met some of the pent-up demand. Overall supply continues to be tight at just 3 months statewide, so with these conditions, if more listings continue to hit the market, it will likely support more sales in the coming months.
• Mortgage rates are lower than a year ago, but not by much. It continues to be a rate-sensitive market. If rates drift higher it could slow the market, but if rates remain stable or dip, it could fuel more activity in the market.

Read the full June 2026 Virginia Home Sales Report for detailed market trends and insights.