The first half of 2026 offers insights into Virginia’s housing market and potential trends for the rest of the year. Through June, the market showed resilience despite affordability issues and high mortgage rates. Although statewide data indicates improving inventory and continued home price growth, market conditions differ significantly across Virginia’s cities and counties.

The Virginia REALTORS® Mid-Year Housing Dashboard enables users to compare year-to-date housing activity across local markets from 2023 to 2026, providing key insights into how inventory, buyer demand, prices, and market activity have changed over the last three years.

Inventory levels are increasing but remain below pre-pandemic levels.

The housing stock in Virginia is growing year-over-year but still levels away from where we were before the pandemic. More homeowners are willing to list their homes than in the previous three years, providing buyers with a wider selection. An increase in inventory helps ease the competitive pressure that characterized Virginia’s housing market. Across the state, 84,271 new listings were added from January to June in 2026, which is 6,469 more than the previous year, a rise of 8.3%. By the end of June 2026, active listings totaled 26,758, surpassing June 2023 by 11,203 and representing a 72% growth over three years. While inventory still falls short of historical norms in many areas, the increased listings are offering more choices for buyers and boosting seller confidence, as demand remains robust.

Home prices continue to peak in Virginia.

The median sales price continued its upward trend across most of Virginia through June, reflecting the ongoing imbalance between housing supply and buyer demand. Price growth varies across the state, with some markets experiencing modest increases and others seeing more significant gains. Year-over-year, Virginia’s median sales price has increased by 2.4% compared to the first six months of 2025. Since 2023, year-to-date median sales price has risen by 13%. While higher prices may pose affordability challenges for some buyers, they also indicate strong housing demand and that homeowners are increasing their equity.

Buyer activity is stabilizing as more homes are listed on the market.

Closed sales differed across locations. The Commonwealth recorded 53,146 sales from January to June, up 5.5% from a year earlier (+2,792 sales). Between 2023 and 2024, Virginia’s sales activity was relatively flat year over year until 2026. Markets with higher employment growth, population increases, or more affordable housing generally saw stronger sales compared to areas with slower demand.

Sold volume helps to highlight market strength.

Sales volume combines both the number of homes sold and the prices at which they sold, showing how strong the market is in that locality. Virginia gained nearly $29.5 billion from sales from January to June in 2026, an influx of $2.5 billion from this time last year. Markets with rising sold volume typically indicate strong buyer demand and ongoing home price appreciation. On the other hand, declining sold volume may suggest fewer transactions, slower price growth, or both.

Every market tells a different story.

While statewide trends provide valuable context, no single statistic fully represents Virginia’s diverse housing market. Economic conditions, housing supply, migration patterns, and affordable housing differ from one locality to another.

Suggested Market Projection.

As Virginia moves into the second half of the year, the housing market will still be influenced by mortgage rates, inventory levels, employment conditions, and consumer confidence. Continued improvements in housing supply could create more options for buyers and help achieve a more balanced market.

For buyers, sellers, and REALTORS®, staying informed about local market trends is crucial. The Virginia REALTORS® Mid-Year Housing Dashboard provides a straightforward overview of how different markets across the Commonwealth are changing, enabling consumers to make well-informed real estate decisions based on the latest data.