The Northern Virginia housing market continued its strong spring momentum in May 2026, with double-digit increases in both closed sales and total sold dollar volume reflecting sustained buyer demand despite ongoing inventory constraints, according to the Northern Virginia Association of Realtors® (NVAR).
In Alexandria, NVAR reports for May 2026:
- Average home sale price of $878,327 rose 8.7% from May 2025
- Median home sale price of $735,000 decreased 3.4% from May 2025
- Home sales increased 6.8% to 220.
(Ever notice that “average” and “median” home prices aren’t the same number? Here’s the difference. The average is just every sale added up and divided by how many homes sold. The median is the one right in the middle—half the homes sold for more, half for less. They can drift apart when a few big-ticket sales nudge the average higher, which is why the median usually paints a more honest picture of what a typical home actually went for.)
Also a note to consider about the Alexandria real estate market — many consider parts of Fairfax County such as Fort Hunt, Belle Haven, Mount Vernon and Kingstowne to be in the Alexandria area, although they are included in the Fairfax County statistics.
Overall in Northern Virginia, closed sales reached 1,958 units in May 2026, an 11% increase compared to May 2025. The significant year-over-year increase reflects continued buyer confidence and a healthy pace of transactions as the spring market reached its seasonal peak…