RICHMOND, Va. (WDBJ) - The housing market in Virginia held steady as home sales remain stagnant from last year despite increased prices and an inventory increase, according to a sales report for August released by Virginia REALTORS® .

Throughout the state, median sales price for a home in August reached $430,000, a 3.6% increase from the year before. Flat sales and higher price points pushed the sold dollar volume to $5.1 billion, up 4.4% year-over-year, according to the organization.

According to the organization, there were 24,606 active listings across the state by the end of August, a 26.2% rise from 2024. 13,000 new properties were listed in the month alone.

“Inventory growth has been one of the big stories of 2025,” says Virginia REALTORS® Chief Economist Ryan Price.

“With li

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