Key Takeaways: August 2026 Virginia Home Sales Report

In August, Virginia saw a 4.6% decrease in closed home sales with 8,985 sales, though year-to-date sales rose 3.6%. The median home price increased 4.4% to $449,000. Sold dollar volume dropped 2.5% to about $5 billion. Active listings grew 13.8% to 28,560 homes. Rising mortgage rates are slowing sales, suggesting a slower fall market, while prices may soften later due to increased supply and moderated demand.