Business

Northern Virginia Housing Market Sees Rising Prices Amid Growing Inventory; Local Trends Diverge Sharply from National Picture

Published

1 year ago

August 25, 2025

FAIRFAX, Va., — Housing activity in July highlighted how Northern Virginia’s market continues to differ from national patterns, according to the Northern Virginia Association of Realtors^® (NVAR). While US sales and inventory expanded more broadly, Northern Virginia saw a modest dip in transactions but stronger price growth, highlighting the region’s continued appeal and competitiveness.

“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.

Business

GOAA Highlights Airport Improvements, Approves New Small Business Policies

Published

6 days ago

October 22, 2026

FNN NEWS

Gate Link train on an elevated guideway at Orlando International Airport, with palm trees, airport buildings and a control tower behind it.

A Gate Link train travels along an elevated guideway at Orlando International Airport, with the airport’s control tower in the background. Photo courtesy of the Greater Orlando Aviation Authority.

Terminal upgrades, parking projects and international connections mark the authority’s fiscal year review.

ORLANDO, Fla. (FNN) — The Greater Orlando Aviation Authority highlighted terminal improvements, expanded international connections and parking projects during its fiscal 2026 review, while its board adopted changes to a local business program and announced a new statewide small business initiative.

The updates affect Orlando International Airport and Orlando Executive Airport, which GOAA operates.

“We are undertaking an ambitious effort to redefine what it means to deliver a world-class airport experience,” GOAA CEO Lance Lyttle said in the authority’s announcement.
“As we welcome more visitors, more airlines, more routes, and new programs, our responsibility is to elevate every part of the journey — making it more welcoming, intuitive, and connected.”

A Gate Link train travels along an elevated guideway at Orlando International Airport, with the airport’s control tower in the background. Photo courtesy of the Greater Orlando Aviation Authority.

Terminal Improvements Focus on Connections and Families

Among the completed projects was an enclosed pedestrian bridge with moving walkways connecting Orlando International Airport’s train station and Terminal C.

Terminal C also opened a new wing serving gates 250–254, providing additional capacity and becoming the new home for Virgin Atlantic’s airport operations.

Three new Family Zones — one in each terminal — offer spaces for children and families to play, read and recharge. GOAA also highlighted improvements to directional signs along airport roads, in parking areas and throughout the terminals.

Parking Expansion and $40 Million Improvement Program

GOAA reported progress on a parking guidance system at Terminal C, with phased activation across all garages planned through mid-2027.

Dedicated employee parking areas are intended to free additional spaces for travelers. Planning is also underway for two new garages expected to add 8,000 public parking spaces over the next few years.

Separately, the authority’s $40 million Beautiful Airports Program targets safety, functionality and appearance across garages, terminals and other airport areas.

Aviation Investments and International Service

The fiscal year review highlighted a $50 million investment by dnata, a $26 million redevelopment by Signature Aviation at Orlando International Airport and groundbreaking for Sky Harbour’s $40 million campus at Orlando Executive Airport.

International service developments included ZIPAIR’s nonstop passenger charter flights between Orlando and Tokyo and Iberia’s launch of nonstop service to Madrid.

GOAA described ZIPAIR’s service as the first passenger charter connection between Florida and the Asia-Pacific region.

Business Policy Changes Broaden Eligibility

The board adopted revisions to GOAA’s Local Developing Business program following research, town halls and discussions with internal experts.

The changes increase the allowable personal net worth threshold and clarify how assets are excluded from that calculation, including primary residence equity, business equity, retirement assets and certain nonliquid holdings.

Business size standards were also revised to account for inflation and increased operating costs. The announcement did not specify the updated financial thresholds.

A new Small Business program will complement the local program and extend eligibility to qualifying businesses throughout Florida. Under the announced framework, participating businesses must fall within 50% of the applicable U.S. Small Business Administration size standard.

GOAA said detailed guidelines for both programs would be posted on its website. Those guidelines will provide businesses with the information needed to assess eligibility.

Business

Florida Restaurant Show 2026: Orlando Event Features Chef Competitions, Pizza Innovation and Restaurant Solutions

Published

3 weeks ago

October 9, 2026

FNN NEWS

The combined events celebrate their 55th and fifth anniversaries Oct. 25–27 at the Orange County Convention Center, featuring education, culinary competitions and a $5,000 attendee giveaway.

ORLANDO, Fla. (FNN) — The Florida Restaurant Show and Pizza Tomorrow Summit are marking milestone anniversaries at the Orange County Convention Center, bringing restaurant, pizza and foodservice professionals together Oct. 25–27 for product demonstrations, education, culinary competitions and networking.

The Florida Restaurant Show is celebrating its 55th anniversary, while the Pizza Tomorrow Summit marks its fifth. One registration provides access to both events.

Organizer Restaurant Events announced a total of $5,000 in attendee giveaways during the three-day gathering. Attendees can pick up a ticket at registration for a chance to win.

Education Addresses Food Costs, Staffing and AI

More than 40 hours of education cover profitability, food costs, operations, marketing, artificial intelligence, staffing, leadership and customer engagement.

Featured programs include Restaurant Management 201 and 301, presented by Darren Denington, founder and operator of Service with Style, and Alison Anne, leader of Restaurant Revolution.

A new program, “The Wizard Behind the Curtain,” presented by Maverick Theory founder Michael Tipps, examines how owners and entrepreneurs develop restaurant concepts and turn ideas into businesses.

A Team Bundle Package offers savings and flexible attendance options for groups of six from the same organization, allowing employees to explore sessions relevant to their roles.

Culinary Competitions Spotlight Professional Chefs

The Sunshine Plate Challenge Arena features more than 30 professional chefs across four American Culinary Federation-sanctioned competitions, organizers said.

The announced schedule includes:

Sunday, Oct. 25: Student and professional pastry sculpture competitions and the Professional Pork Challenge.
Monday, Oct. 26: The Professional Seafood Challenge, sponsored by Bar Harbor Seafood.
Tuesday, Oct. 27: The Professional Beef Challenge.

The arena’s Sunday programming also includes the Hospitality School Showdown, featuring culinary faculty and alumni representing four Florida hospitality programs.

Unox sponsors the arena, with product support from Gordon Food Service, Bar Harbor Seafood, Expedition Provisions, Yukan Foods, Pizzacini and Keg Kraft Beverage Company.

Pizza Tomorrow Summit Highlights Industry Innovation

The Pizza Tomorrow Summit features education, demonstrations and competitions focused on the pizza industry.

Its announced Monday programming includes a live taping of the “So You Want to Run a Restaurant” podcast with California Pizza Kitchen co-founder Rick Rosenfield. The session, sponsored by Back of House, includes a discussion and giveaway of his book, “The California Pizza Kitchen Story.”

The U.S. Pizza Team and Galbani Professionale U.S. are also hosting the 2026 Galbani Professionale Pizza Cup. Pizza makers and pizza acrobats compete in culinary and acrobatic events, with grand-prize winners earning a trip to compete at the World Pizza Championships in Parma, Italy.

One Registration Connects Two Industries

By holding the events together, organizers give restaurant operators access to ideas emerging from the pizza industry while connecting pizzeria operators with equipment, technology and education relevant to the broader foodservice market.

The Florida Restaurant Show and Pizza Tomorrow Summit conclude Tuesday, Oct. 27, at the Orange County Convention Center.

Business

Dallas Mayor Eric Johnson Listed as Speaker for Global AI, Supply Chain Summit

Published

3 weeks ago

October 9, 2026

FNN NEWS

Organizers say the Oct. 26–27 conference will bring together business leaders, policymakers and technology professionals for discussions on global commerce, digital transformation and industry innovation.

DALLAS, TX (FNN) — Dallas Mayor Eric L. Johnson is listed as an invited speaker for the Global Procurement, Supply Chain, AI & Logistics Summit and Global Recognition Awards 2026, scheduled for Oct. 26–27 in Dallas, according to an announcement from the event’s organizer.

The American Association of Procurement, Supply Chain and Tourism Management, known as AAPSCM, said the two-day summit will take place at the AC Hotel & Residence Inn Dallas by the Galleria, 5460 James Temple Drive.

The conference will focus on artificial intelligence, supply chain resilience, innovation and the future of global commerce.

Mayor listed among international speakers

Organizers identified Johnson among the invited speakers joining executives, policymakers, academics, consultants and professionals in procurement, supply chain management, technology and logistics.

The announcement describes participants as coming “from the United States and around the world.”

According to the release, Johnson is listed among speakers participating in the Oct. 27 program. The announcement does not specify the subject or time of his remarks.

AI, forecasting and digital transformation

The second day’s agenda includes a session on artificial intelligence and machine learning in inventory management, forecasting, and sales and operations planning.

An executive leadership session titled “Driving Innovation & Digital Transformation” is scheduled to follow.

The program will examine technology’s role in procurement, logistics and supply chain operations, with an emphasis on how leaders respond to changing business conditions.

Awards to recognize industry achievement

The summit will also include procurement and supply chain awards, followed by Global Excellence Awards recognizing individuals, organizations and industry leaders.

Organizers said the awards program includes more than 35 categories spanning procurement, supply chain management, artificial intelligence and logistics.

The announcement describes the awards as recognizing “achievement, innovation and leadership.”

Executives and decision-makers expected

AAPSCM said it expects attendees to include chief executives, chief procurement officers, chief supply chain officers, chief operating officers and technology leaders.

The anticipated audience also includes procurement directors, logistics professionals, government representatives and specialists in AI and digital transformation.

About the organizer

AAPSCM describes itself as a U.S.-based nonprofit professional organization that supports professional development through certification, education, training, membership, conferences and international collaboration.

Event and registration information

Event: 2nd Global Procurement, Supply Chain, AI & Logistics Summit & Global Recognition Awards 2026
Dates: Oct. 26–27, 2026
Venue: AC Hotel & Residence Inn Dallas by the Galleria
Address: 5460 James Temple Drive, Dallas, Texas 75240
Organizer: American Association of Procurement, Supply Chain and Tourism Management
Registration: aapscm-conferences.org
Organization: aapscm.org