2025 NVAR Regional Housing Market Forecast 

Each year, the Northern Virginia Association of Realtors® (NVAR), in conjunction with the Center for Regional Analysis at George Mason University (GMU-CRA), issues a consensus forecast for the NVAR region’s housing market.

National Market Statistics Comparisons: 2024 Year End Totals & December 2024

Nationally, in 2024, existing-home sales fell to 4.06 million — the lowest level since 1995 — amid record-high median prices of $407,500. The Northern Virginia region experienced a 2.5% increase in the total number of units sold, climbing from 15,958 in 2023 to 16,357 in 2024. Additionally, the region’s sold dollar volume surged by 10.58% to $13.84 billion, with the median sold price rising 7.31% to $729,710.