Gregg Herpst Real Estate

Market report shows inventory surge

In June 2025, Virginia home sales rose 8% from last year to 10,775, but year-to-date sales are down 0.5%, indicating a sluggish market. Inventory increased 29.5% to 23,755 active listings, easing supply issues. Homes took longer to sell, with median days on market rising to 12. Median prices climbed nearly $15,000 to $446,000, though some regions saw price easing amid high mortgage rates and economic uncertainty.

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