RICHMOND— According to the January 2026 Virginia Home Sales Report released by the Virginia Association of REALTORS, Virginia’s housing market kicked off the year with rising buyer activity, expanding inventory, and stable home prices.
The association says that pending sales surged in January, signaling renewed momentum as mortgage rates held in the low‑6% range and more listings hit the market.
Statewide, there were 5,881 homes sold in January, a 2.1% increase from last year. While prices varied by region, the statewide median sales price remained essentially flat, dipping just 0.3%from January 2025. Inventory continued its upward trend, with 19,207 active listings on the market—9.4% more than a year ago.
“We saw a notable jump in pending sales this month, which is a strong indicator that more buyers are stepping back into the market,” said VAR’s Chief Economist Ryan Price. “With inventory expanding and mortgage rates holding steady in the low‑6% range throughout January, conditions have improved for buyers. Price growth has softened, days on market are rising, and the average sold‑to‑list price ratio just hit a six‑year low—all signs of a market offering more options and breathing room than we’ve seen in recent years.”
VAR says that new listings also continue to climb, with 10,071 homes coming onto the market last month—nearly 7% more than last year. This increase in seller activity, paired with stabilizing rates, contributed to the 14.4% surge in pending sales, a gain of 844 transactions compared to January 2025.
“More listings and more buyers are what we want to see as we head toward spring,” said VAR’s 2026 President Curt Reichstetter. “REALTORS across the Commonwealth are reporting renewed energy from clients who feel they finally have choices again. This early momentum positions us for a busier, more balanced spring market than we saw last year.”
Read the full January 2026 Virginia Home Sales Report for detailed market trends and insights.
