Business
Northern Virginia Housing Market Sees Rising Prices Amid Growing Inventory; Local Trends Diverge Sharply from National Picture
Published
12 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.
You may like
Business
U.S. Hispanic Chamber of Commerce Brings 47th Annual National Conference to Fort Worth Sept. 14-16
Published
2 weeks agoon
August 7, 2026FORT WORTH, Texas (FNN NEWS) — The United States Hispanic Chamber of Commerce will bring its 47th Annual National Conference to Fort Worth, Texas, Sept. 14-16, 2026, convening Hispanic business leaders, corporate executives, policymakers and entrepreneurs from across the country.
The three-day conference will be held at the Fort Worth Convention Center and is expected to serve as a major national platform for business development, networking, economic opportunity and deal-making.
Nearly five decades after its launch, the USHCC National Conference has grown into what the organization describes as the nation’s largest gathering of Hispanic business decision-makers.
The selection of Fort Worth highlights the North Texas city’s growing position as a center for business, entrepreneurship and culture while providing a national stage for Hispanic-owned businesses and their economic impact.
Fort Worth Selected to Host 2026 National Conference
USHCC announced Fort Worth as the 2026 host following its 46th Annual National Conference in Atlanta.
“We are thrilled to bring the USHCC National Conference to Fort Worth in 2026,” said Jackie Puente, vice president of external affairs at Comcast and chairwoman of the United States Hispanic Chamber of Commerce. “This city showcases the innovation, diversity, and economic impact of Hispanic-owned businesses nationwide. At Comcast, we are proud to support the USHCC’s mission of opening doors and creating opportunities for our community to thrive.”
Fort Worth business leaders also welcomed the opportunity to host the national gathering.
“Fort Worth is proud to host the USHCC National Conference in 2026,” said Ericka Garza, president and CEO of the Fort Worth Hispanic Chamber of Commerce. “This event highlights our city’s vibrant culture and the impact of Hispanic-owned businesses in driving economic growth.”
Connecting Hispanic Businesses With Opportunities
Connection building will be a major focus of the 2026 conference, with programming designed to bring business owners directly together with corporate executives, policymakers, industry leaders and potential partners.
Through curated networking opportunities and informal gatherings, participants will have opportunities to establish relationships that could lead to collaborations, contracts, partnerships and long-term business growth.
The conference also provides companies and organizations seeking to expand their engagement with Hispanic-owned businesses an opportunity to connect with entrepreneurs and business leaders from markets across the United States.
National Leaders Take the Main Stage
The conference’s main-stage sessions will feature influential leaders and nationally recognized voices discussing major issues affecting business, entrepreneurship and economic advancement.
Sessions are expected to provide perspectives on economic trends, public policy, market opportunities and emerging challenges facing businesses.
The discussions are designed to help entrepreneurs and executives better understand changing markets and position their organizations for future opportunities.
Breakout Sessions Focus on Business Growth
Attendees will also have access to industry-focused breakout sessions featuring subject-matter experts addressing specific business challenges and opportunities.
The interactive sessions are designed to provide participants with practical strategies, tools and information they can apply to their companies and organizations.
Topics and speakers for the 2026 conference are expected to be announced as the event approaches.
Hispanic Businesses Take Center Stage in Fort Worth
The conference comes as Hispanic-owned businesses continue to play an increasingly important role in entrepreneurship, job creation and economic development across the United States.
For Fort Worth, hosting the national conference provides an opportunity to showcase the city’s business community while connecting local entrepreneurs with corporate and government decision-makers from across the country.
47th Annual USHCC National Conference
Dates: Sept. 14-16, 2026
Location: Fort Worth Convention Center
City: Fort Worth, Texas
Business
Historic Casements to Debut Mateo Blanco’s ‘Rockefeller Flag’ During The American Legacy Exhibition
Published
3 weeks 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
4 weeks 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.
Trending
Florida3 days ago‘My Grandfather Was a Communist’: Venezuelan Refugee Samuel Vilchez Santiago Makes History With Florida House Democratic Nomination
Central Florida News4 days agoOrange County Clerk Race Comes Down to Singh, Walton Johnson as Democrats Vote Tuesday
Florida1 day agoFlorida House Democratic Campaign Committee Faces Defamation Lawsuits, Possible Election Complaints
Florida4 days agoSamuel Vilchez Santiago vs. Daisy Morales: Defamation Lawsuit, Election Complaints Test HD 43 Electability
Florida2 days agoAngie Nixon, ‘Freedom Fighter,’ Defeats Establishment Candidate, Wins Democratic Nomination for U.S. Senate