A
surge in new listings has hit the Virginia real estate market, with 13,898 homes coming onto the market in July - a 12% increase from last year. This influx was largely driven by Northern Virginia and Hampton Roads, where many government contractors have been laid off due to federal budget cuts.

    The statewide median days on market increased to 15 in July, five days longer than last year and more than double the time homes stayed on the market two years ago. This trend is likely a result of the growing supply of listings, which has given buyers more options.

    According to Virginia REALTORS President Lorraine Arora, the housing market has seen a significant jump in listings over the past two years, with 2025 seeing an acceleration of this trend. "Buyers now have more choices," Arora said, noting that while the overall months of supply remains tight, the market is shifting towards balance.