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Market Overview: Steady Performance Across NOVA

July 2025 is expected to bring steady performance to Northern Virginia's real estate market. Home values continue their measured appreciation, with balanced inventory levels creating opportunities for both buyers and sellers. The region's strong job market, excellent schools, and proximity to Washington, D.C. continue supporting demand. Mortgage rates have stabilized in the mid-6% range, providing clarity for market participants while maintaining competitive conditions.

Key Statistics: July 2025 NOVA Market Data

The numbers reflect steady market conditions across all three major NOVA counties. Home sales volume increased 2.6% compared to July 2024 (Source: NVAR), while median prices show continued appreciation. Days on market remain reasonable for sellers, and buyer activity demonstrates sustained market interest. These statistics reflect a balanced market where both buyers and sellers can achieve their goals with proper strategy and professional guidance.

Buyer Activity: Sustained Market Interest

Buyer activity remains steady in July 2025, with consistent showing requests and purchase activity. First-time buyers continue to represent a significant portion of purchases, supported by various lending programs and competitive interest rates. Move-up buyers are leveraging their equity positions to upgrade their homes. The region continues attracting buyers from other markets due to its economic stability and quality of life, contributing to sustained demand across various price ranges.

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Seller Opportunities: Favorable Market Conditions

Sellers enjoy excellent conditions in July 2025, with strong buyer demand and competitive pricing. Well-prepared homes receive multiple offers, often selling above asking price. The key to success lies in proper pricing, professional presentation, and strategic marketing. Sellers who price correctly from day one typically sell within 30 days and achieve 98-102% of the asking price. Professional photography and staging continue to deliver strong returns on investment.

Inventory Trends: Balanced Market Dynamics

Housing inventory reached healthy levels in July 2025, providing buyers with good selection while maintaining competitive conditions for sellers. New listings increased 6% month-over-month, while pending sales rose 11%. This balance creates opportunities for both sides of transactions. Luxury homes ($800K+) show particularly strong performance, while starter homes under $500K remain highly competitive, with multiple offer situations common.

Regional Performance:

• Loudoun County: Continues to show strong performance with higher median prices reflecting desirable locations and newer construction
• Fairfax County: Maintains steady market conditions with diverse housing options and established neighborhoods
• Prince William County: Offers relative affordability while showing solid appreciation trends
• Market Sources: Data compiled from NVAR, DAAR, PWAR, and Freddie Mac reports

Economic Factors: Supporting Market Fundamentals

Northern Virginia's economic fundamentals remain strong in July 2025. The region continues to add jobs across various sectors, with technology, government contracting, and healthcare showing growth. Unemployment sits in the 3.6-4.0% range, reflecting healthy employment conditions. Major employers maintain their NOVA presence, including ongoing Amazon HQ2 development and federal contracting opportunities. These factors support sustained housing demand across the region.

Interest Rate Impact: Mid-6% Range Provides Stability

Mortgage rates stabilized in the mid-6% range during July 2025, with 30-year fixed rates averaging 6.56%-6.63% according to Freddie Mac data. This stability provides predictability for both buyers and sellers planning their transactions. The consistent rate environment encourages buyers who had been monitoring market conditions to make decisions. Many buyers continue exploring various loan products and rate options to optimize their purchasing power in the current market.

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