Luxury buyers are running out of options in DC as supply crunch pushes them to booming state

America’s housing market might be stuck in the doldrums, but one corner of the country is seeing a booming market.

Sales of multi-million-dollar homes are surging in Northern Virginia as wealthy buyers ditch Washington DC’s exclusive neighborhoods for larger houses, bigger lots, lower taxes and better schools.

The number of homes selling for $3 million or more jumped a staggering 83 percent across Northern Virginia during the first six months of 2026, helping push luxury sales across the wider Washington DC metropolitan region up 21 percent over last year…

Story continues

TRENDING NOW

LATEST LOCAL NEWS