WILLIAMSBURG — A total of 10,775 homes sold across the commonwealth last month — 757 more than June of last year, an increase of nearly 8%, according to the June 2025 Virginia Home Sales Report released by Virginia REALTORS.
However, year-to-date sales activity through June is 0.5% lower than last year, reflecting a continued sluggish market so far in 2025, it added.
At the end of June, there were 23,755 active listings on the market across Virginia. This represents 5,415 more listings than last year, a 29.5% jump in inventory levels, Virginia REALTORS said. This increase in active listings is part of a longer trend that has been observed since the beginning of 2024, but has accelerated this year as more sellers are entering the market in many parts of the state.
“These higher inventory levels will likely provide much-needed supply-side relief to Virginia’s housing market and offer a sign of renewed opportunity for buyers across the state,” said Virginia REALTORS 2025 President Lorraine Arora.
The trade association noted that homes in Virginia took longer to sell in June compared to this time last year, with the statewide median days on market rising to 12 — up from eight days in June 2024. While homes are spending more time on the market, the length of time remains relatively quick by historical standards. Most regions across the commonwealth also experienced an increase in days on market, reflecting a continued shift toward a more balanced market.
Home prices continued their upward trajectory in most local markets last month, it added, though some pockets of the state with the largest inventory gains — namely portions of Northern Virginia and Hampton Roads — started to see prices soften. The median sales price in Virginia was $446,144 in June, up by almost $15,000 since last year, increasing by 3.4%. The combination of higher sales levels along with rising home prices led to a significant increase in sold dollar volume. There was approximately $6.1 billion sold volume throughout Virginia in June. This is almost $700 million more than the same time last year, a 13% increase.
“Mortgage rates have been stable but elevated, hovering in the upper 6% for most of the year, pricing a lot of would-be buyers out of the market,” says Virginia REALTORS Chief Economist Ryan Price. “But with home prices still high and ongoing economic uncertainty, some would-be buyers may remain cautious and delay entering the market in the coming months.”
The Virginia Home Sales Report is published by Virginia REALTORS. Click here to view the full June 2025 Virginia Home Sales Report.
