Business
Northern Virginia Housing Market Sees Rising Prices Amid Growing Inventory; Local Trends Diverge Sharply from National Picture
Published
11 months agoon
By
Willie David“The national market is showing signs of cooling, but Northern Virginia’s market is better described as stabilizing,” said NVAR CEO Ryan McLaughlin. “We’re seeing more inventory and a modest slowdown in sales, but price growth and buyer activity remain stronger than the national picture. That balance keeps our region competitive even as conditions begin to normalize.”
In July, Northern Virginia recorded 1,612 closed sales, a 1.6% decrease from July 2024. Nationally, however, sales moved in the opposite direction, with 4.01 million transactions, a 0.8% increase year-over-year. This divergence reflects the limited supply and higher price points that still define the local market.
Price trends were even more telling. The median sold price in Northern Virginia climbed to $760,073, up 3.4% from last year, while the US median edged up only 0.2% to $422,400. Homebuyers in Northern Virginia continue to pay nearly double the national average, underscoring the region’s long-standing status as one of the country’s most competitive and desirable housing markets.
The pace of the market also shows how local conditions differ. Northern Virginia homes averaged 20 days on the market in July, up 25% from last year. Nationally, homes stayed on the market longer — 28 days on average compared to 24 in 2024. While both markets saw days-on-market rise, the quicker turnover in Northern Virginia illustrates persistent buyer urgency even as conditions loosen slightly.
“Homes are taking a little longer to sell than they did last year, but the demand is still there,” said NVAR Board Member Mary Bowen, Long & Foster Real Estate. “Buyers may have a bit more time to make decisions and, in some cases, add more negotiable terms to the offer, yet desirable properties continue to move quickly. For sellers, that means the market is still competitive, even if it’s showing early signs of stabilizing.”
Inventory expanded significantly at both the local and national levels, but Northern Virginia’s growth was sharper. Active listings in the region rose 43.4% to 2,530 units, compared to a 15.7% national increase in total listings to 1.55 million homes — the highest US inventory since the 2020 lockdowns. This local surge is giving buyers more choice but still falls short of true balance.
The difference between the national and local market becomes even clearer when measuring supply. In July, Northern Virginia recorded 1.9 months of supply — a 39.4% increase from last year but still well short of the level considered a balanced market. Nationally, supply ticked up to 4.6 months from 4 months in 2024, a figure that underscores just how much tighter conditions remain locally. Even with added inventory, Northern Virginia’s market is far more competitive than the US overall.
“While inventory is beginning to open up in Northern Virginia, the reality is that demand continues to run ahead of supply, which is why prices remain elevated,” said McLaughlin. “Our region’s housing market stands out nationally because of the region’s steady population growth, strong demand fueled by world-class schools and universities, and the vibrancy of its urban centers. With new transit connections and continued investment in local communities, buyers see long-term value here, keeping competition high even as inventory inches upward.”
BACKGROUND
The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax, and Falls Church and the towns of Vienna, Herndon, and Clifton. Below are July 2025 regional home sales compared to July 2024 for Northern Virginia, with data derived from Bright MLS as of August 8, 2025 (total sales and listings may not include garage/parking spaces):
- The number of closed sales in July 2025 was 1,612 units. This was down 1.6% compared to July 2024.
- The volume sold in July 2025 reached $1.41B, marking a 2.6% increase over July 2024.
- The average sold price was $872,753, up 2.9% from July 2024.
- The number of new pending sales in July 2025 increased to 1,459 units — a 2.8% increase compared to July 2024.
- The number of active listings in July 2025 surged to 2,530 units — a 43.4% increase, the largest year-over-year jump in the dataset.
- Average days on market increased to 20 days — a 25% increase over the previous year.
- The months of supply of inventory in July 2025 was 1.9. This was up 39.4% compared to July 2024.
Read more about the NVAR regional housing market at nvar.com/Marketstats.
NVAR Charts, Graphs, Social Media for June 2025 NVAR Housing Stats
July Housing Data: Click here.
Regional Jurisdiction Infographic: Click here.
NVAR Region Infographic: Click here.
NVAR 2023 Housing Economic Impact Report: Click here.
NVAR 2025 Mid-Year Housing Forecast Update: Click here.
These links are accessible from the Market Stats page here: Click here.
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Business
Historic Casements to Debut Mateo Blanco’s ‘Rockefeller Flag’ During The American Legacy Exhibition
Published
2 days agoon
July 30, 2026ORMOND BEACH, Fla. (FNN NEWS) — The Casements, the historic Ormond Beach residence where industrialist John D. Rockefeller spent the final years of his life, will host “The American Legacy,” a new exhibition by American artist Mateo Blanco opening Saturday, Aug. 1.
The exhibition brings together painting and photography to explore themes of American history, material, memory, innovation and the ideas that continue to shape the nation’s identity during its Semiquincentennial.
Public Premiere of Rockefeller Flag
The centerpiece of the exhibition is the public debut of “Rockefeller Flag,” a new oil-on-canvas painting created exclusively for The Casements.
Rather than depicting Rockefeller himself, the work examines the relationship between industry, history and artistic tradition. Executed entirely in black oil paint on canvas, Rockefeller Flag draws its conceptual inspiration from petroleum—the natural resource that transformed American industry and helped redefine the modern world.
Blanco notes that petroleum also returns to its artistic origins through oil paint, the medium that has shaped Western painting for more than five centuries, creating an intersection between industrial innovation and artistic expression.
Installed inside Rockefeller’s historic residence, the painting encourages visitors to reflect not only on one of America’s most influential business leaders but also on the broader themes of vision, enterprise, stewardship and the legacy each generation leaves behind.
“For many people, The Casements represents the final chapter of John D. Rockefeller’s life,” Blanco said. “For me, it represents the beginning of another conversation—one about legacy. Every generation inherits ideas, opportunities and responsibilities created by those who came before. What ultimately defines us is what we choose to build with that inheritance.”
Museum Exhibition Highlights
The exhibition also features paintings previously exhibited at The Butler Institute of American Art alongside a curated selection of photographs celebrating the American landscape, its people and the cultural narratives that have shaped the nation across generations.
Together, the works represent one of Blanco’s most comprehensive museum presentations to date, combining painting and photography in a reflection on the American experience.
According to exhibition organizers, The American Legacy is intended as a cultural reflection rather than a political statement, highlighting creativity, craftsmanship, imagination, innovation and the enduring ability of individuals to transform ideas and materials into lasting contributions.
By returning petroleum to the language of oil painting, Blanco creates a dialogue between one of America’s defining industrial achievements and one of the oldest artistic traditions in history.
About Mateo Blanco
Mateo Blanco is an American multidisciplinary artist whose work explores material transformation, cultural memory and the evolving narrative of American identity. Working across painting, photography, sculpture and mixed media, Blanco examines how everyday materials become symbols of history, belonging and collective memory.
His work has been exhibited by museums and cultural institutions throughout the United States, including The Butler Institute of American Art, the Orlando Museum of Art, the Boca Raton Museum of Art, the Museum of Art – DeLand, the Armory Art Center, the Cornell Art Museum and the Brick Store Museum.
His artwork is included in the permanent collections of several American museums, reflecting continued institutional recognition of his contributions to contemporary American art.
Blanco is represented by Rosenbaum Contemporary, with gallery locations in Palm Beach, Boca Raton and Hollywood, Florida.
Exhibition Information
The American Legacy: Featuring the Public Premiere of Rockefeller Flag
Opening Reception
Saturday, Aug. 1, 2026
3–7 p.m.
Location
The Casements
25 Riverside Drive
Ormond Beach, FL 32176
Business
Essence Magazine Co-Founder Jonathan Blount Dies at 84, Leaving Enduring Legacy in Civil Rights and Black Media
Published
1 week agoon
July 25, 2026By
Willie DavidORLANDO, Fla. (FNN NEWS) — Jonathan Sebastian Blount Dunn Morse, a visionary entrepreneur, one of the four founders of Essence magazine, pioneering civil rights activist, Black business leader, publisher, and community advocate, died peacefully Monday, July 20, 2026, at his Orlando home surrounded by family after a courageous battle with prostate cancer that later spread to his bones and liver. He was 84.
For more than seven decades, Morse dedicated his life to advancing civil rights, expanding opportunities for Black-owned businesses, strengthening independent Black media, and empowering communities through economic opportunity, education, and public service.
His life’s work stretched from the front lines of the Civil Rights Movement in North Carolina to the boardrooms of Wall Street and, ultimately, to the neighborhoods of Central Florida, where he remained a tireless advocate until his final days.
Jonathan Morse at a Glance
1930s–1940s
- Born in Monroe, North Carolina.
- Adopted and raised by Carrie Blount.
1950s
- Civil Rights activist under Robert F. Williams.
- Survived an attempted lynching while challenging segregation.
Late 1960s
- Conceived the vision that became Essence magazine.
1970
- Co-founded Essence magazine.
- Became its first President and Chairman of the Board.
1970s–1990s
- Helped raise more than $1 million in Wall Street investment capital.
- Founded additional Black publications.
- Consulted nationally with Black-owned businesses.
2000s–2026
- Relocated to Orlando.
- Founded the African American Art and Heritage Museum.
- Led Operation Clean Sweep.
- Mentored Caribbean American Passport News Magazine and celebrated its evolution into CAP Village.
July 20, 2026
- Passed away at age 84.
A Vision That Changed Black Media
Morse is best known as one of the four founders of Essence magazine, the publication that forever changed how Black women were represented in American media.
While history remembers him as a co-founder, Morse often smiled and described himself as the magazine’s “ideational and conceptual founder,” explaining that the original vision for a fashion and lifestyle publication devoted specifically to Black women was his.
That vision became Essence, now one of the world’s most influential media brands serving Black women.
Known affectionately by many as “The Father of Essence,” Morse served as the publication’s first President and Chairman of the Board, helping transform an ambitious idea into a nationally recognized institution.
Under his leadership, the founders became among the first Black-owned businesses to raise more than $1 million on Wall Street, an unprecedented accomplishment during an era when Black entrepreneurs faced enormous barriers to investment capital.
Although philosophical differences over preserving majority Black ownership eventually led Morse and fellow founder Cecil Hollingsworth to leave the company, he remained proud of the publication’s continued success.
Years later, fellow founder Clarence O. Smith publicly acknowledged that Morse had been right in advocating for Essence to remain Black-owned.
A Freedom Fighter Before He Was a Publisher
Long before changing American media, Jonathan Morse was risking his life for civil rights.
Growing up in Monroe, North Carolina, he came under the mentorship of legendary civil rights leader Robert F. Williams, whom Morse affectionately called “Uncle Rob.”
Together with other young activists, Morse helped defend Monroe’s Black neighborhoods from Ku Klux Klan violence while challenging segregation.
At only 14 years old, he nearly lost his life after participating in an effort to integrate a segregated county swimming pool, surviving an encounter with a lynch mob.
More than six decades later, in 2022, the North Carolina African American Heritage Commission honored Morse and his fellow activists with a historical marker recognizing their courage and sacrifice.
Building Black Business
Following his years with Essence, Morse continued creating opportunities for Black entrepreneurs.
He launched several publishing ventures, including:
- In Advance
- Eagle and Swan
- Élan
He later became one of the nation’s most respected consultants to Black-owned businesses and advertising firms.
Among the accomplishments he valued most was helping secure what was then the largest contract ever awarded to a Black advertising agency—a $10 million U.S. Census Bureau contract.
Economic empowerment remained one of his life’s defining passions.
His favorite Frederick Douglass quotation became his guiding philosophy:
“Power concedes nothing without demand.”
Transforming Orlando
When Morse made Orlando his home, he quickly became one of Central Florida’s most recognizable community advocates.
Among his many accomplishments, he:
- Founded the African American Art and Heritage Museum.
- Organized Operation Clean Sweep.
- Served as President of the Parramore Business Association.
- Created a community tool library.
- Coordinated free paint and home improvement supplies.
- Helped secure the first corporate funding for Orlando’s SALT hygiene program.
- Successfully challenged diversity issues within public broadcasting.
- Helped relocate Orlando’s Martin Luther King Jr. Parade onto Orange Avenue’s Main Street.
Whether attending City Council meetings, neighborhood forums, NAACP events, or nonprofit gatherings, Jonathan Morse became known as someone who consistently showed up—not for recognition, but to serve.
A Champion of Independent Black Journalism
Journalism remained one of Jonathan Morse’s greatest passions.
He became a trusted mentor and advisor to Caribbean American Passport News Magazine, working closely with founders Sam and Guenet Roberts as the publication expanded throughout Central Florida and the Caribbean diaspora.
He later celebrated its transformation into CAP Village, where he proudly participated in filming portions of his own documentary.
Morse believed independent Black media preserved history, amplified underrepresented voices, and held institutions accountable.
He encouraged young journalists to pursue difficult stories, ask challenging questions, and never underestimate the value of community journalism.
Family First
Despite a remarkable public career, Jonathan Morse considered family his greatest achievement.
He rarely missed a grandchild’s recital, athletic event, school performance, Easter program, or talent show.
Opening night at the Central Florida Fair became a cherished annual tradition shared with his family.
To Morse, family extended far beyond blood relatives.
Many who knew him referred to him as a brother whose friendship, wisdom, and generosity changed their lives forever.
Courage Through Every Challenge
Later in life, Morse publicly shared his diagnosis of bipolar disorder, hoping his openness would encourage others to seek treatment without fear or shame.
During his battle with cancer, he again chose transparency, believing honesty could inspire hope and reduce stigma for others facing serious illness.
His willingness to discuss deeply personal challenges reflected the same courage that defined his life’s work.
Finding His Roots
Born in Monroe, North Carolina, Morse was adopted at birth by Carrie Blount.
After her passing, he began searching for his biological family through an appeal published in Jet magazine.
That search ultimately reunited him with his birth parents and siblings, completing a deeply personal chapter that remained among the most meaningful experiences of his life.
Comments and Reflections
Family Statement
“Jonathan believed every generation has a responsibility to leave the world better than it found it. We will forever cherish his love, wisdom, humor, and unwavering commitment to family, community, and justice.”
Florida National News
“Jonathan Morse leaves behind more than an extraordinary résumé. He leaves stronger institutions, empowered communities, inspired journalists, successful entrepreneurs, and generations of leaders who benefited from his mentorship. His impact will continue to be felt wherever courageous journalism and community leadership thrive.”
Community Reflection
“Jonathan never measured success by titles or recognition. He measured it by how many people he helped, how many doors he opened, and whether the next generation had greater opportunities than his own.”
Why Jonathan Morse Still Matters
Jonathan Morse’s vision remains remarkably relevant today.
Long before diversity became a corporate priority, he insisted Black voices deserved their own media platforms.
Long before conversations about media ownership became commonplace, he warned of the importance of preserving Black ownership of Black institutions.
Long before community journalism faced unprecedented economic pressures, he championed independent local news organizations as essential pillars of democracy.
His ideas continue to shape conversations about journalism, entrepreneurship, civil rights, economic opportunity, and community empowerment.
Life and Legacy
Jonathan Sebastian Blount Dunn Morse helped shape modern Black America.
He stood against segregation as a teenager.
He helped create one of America’s most influential Black-owned media companies.
He championed Black entrepreneurship.
He strengthened independent journalism.
He revitalized Orlando neighborhoods.
He mentored generations of journalists, civic leaders, entrepreneurs, and community advocates.
His influence extended from Monroe to Manhattan, from Wall Street to Washington, and from Central Florida to communities across the nation.
His legacy is measured not only by the organizations he helped build, but by the countless lives he inspired.
As Jonathan Morse often demonstrated, history is not written only by those who hold public office or corporate titles—it is written by those with the courage to imagine a better future and the determination to build it.
Rest in Peace and Power, Jonathan Sebastian Blount Dunn Morse.
Thank you for believing that ordinary people, united by courage, conviction, and compassion, truly can change the world.
Business
Florida Eye Microsurgical Institute, Mitchell Refractive Surgery & Eye Center Welcome Dr. Anna Walker
Published
4 weeks agoon
July 6, 2026BOYNTON BEACH, Fla. (FNN NEWS) — Florida Eye Microsurgical Institute (FEMI) and Mitchell Refractive Surgery & Eye Center (MRSE) have announced the addition of optometrist Dr. Anna Walker to their medical teams, expanding comprehensive eye care services for patients across Palm Beach County.
Walker provides comprehensive eye care for patients of all ages, specializing in primary eye care, ocular disease management, specialty contact lenses and intense pulsed light (IPL) therapy. Her practice focuses on preventive eye health through comprehensive examinations, advanced diagnostic technology and individualized treatment plans.
“Dr. Walker brings excellent clinical training and a compassionate approach to patient care,” said Omayra Alvarado, practice administrator for FEMI. “We are confident she will help further our mission of delivering exceptional eye care across South Florida.”
Walker earned her Doctor of Optometry degree from the New England College of Optometry after receiving a Bachelor of Arts in biology from Stonehill College. She completed her residency at the Malcolm Randall VA Medical Center, where she specialized in comprehensive optometric care with an emphasis on ocular disease management and specialty contact lenses.
Her clinical training also includes refractive surgery co-management, IPL therapy and advanced diagnostic techniques. Walker is certified in laser procedures and injections through the New England College of Optometry.
According to the practices, Walker combines advanced clinical expertise with a personalized approach to patient care, focusing on preserving long-term eye health and improving patients’ quality of life.
Walker will see patients at Florida Eye Microsurgical Institute’s East Boynton Beach office on Tuesdays, Wednesdays and Thursdays, and at Mitchell Refractive Surgery & Eye Center in Boca Raton on Mondays and Fridays.
Patients interested in scheduling routine eye examinations or establishing ongoing eye care with Dr. Walker can learn more by visiting Florida Eye Microsurgical Institute or Mitchell Refractive Surgery & Eye Center.
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