NVAR - Northern Virginia Association of REALTORS?

?? The calendar for NVAR's Realtor? School classes in April is now live and ready for enrollment!? ? Remember, Virginia Continuing Education (CE), Post-Licensing (PL), and Broker Continuing Education are all complimentary with your NVAR membership. All classes are taught by local market experts, ensuring you get the best and most relevant education. Don’t miss out — sign up today at nvar.com/calendar!

Bright MLS has been closely monitoring the Greater Washington DC area for trends that may reflect shifts in the market, particularly in response to DOGE and changes within the federal workforce. Here’s what they’ve observed in the region for the week ending March 23: ?Price drops are becoming more common: Nearly 9% of active listings in the DC region had a price reduction, two percent higher than last year, indicating greater seller eagerness to attract buyers. ?New listings activity has slowed: While the number of new listings (2,084) was higher than last year, it was 5.3% lower than the week prior. ?Buyers are gaining leverage: The uptick in new listings has spurred stronger buyer activity, with pending sales rising, especially in markets with the most listing activity. The additional inventory is providing buyers with more options and negotiation power on price, although price drops are not expected to be significant this spring. Learn more about market trends at nvar.com/stats.

In a new Real Estate News article, NVAR CEO Ryan T. McLaughlin, CAE provides insights on how the use of data can help forecast the impact of federal job cuts on the housing market. As an NVAR member, you can read this article — and all others — with a complimentary subscription through your NVAR membership. Access this member benefit now at nvar.com/realestatenews.

This morning, NVAR hosted the Northern Virginia Transportation Alliance for their spring policymaker breakfast, "Keeping Virginia Moving." Today's conversation featured Bill Cuttler, VDOT Northern Virginia District Engineer, and Tiffany Robinson, Virginia Department of Rail and Public Transportation Director. NVAR is proud to have served as a sponsor for this important discussion!

Exclusive on the NVAR App! 2025 NVAR President Casey Menish chats with Tan Tunador NMLS ID1166669 & Samantha Tunador, from Atlantic Coast Mortgage, about lending in today’s market. Don't miss this insider scoop — download the NVAR App today at nvar.com/app!

The Northern Virginia housing market in February 2025 showed a combination of growing inventory and slowing sales activity. While total closed sales and dollar volume declined compared to the same time last year, the median home price increased, and housing inventory rose significantly, indicating a shift toward a more balanced market. To learn more about how the region performed in February, visit nvar.com/stats.

Bright MLS is closely monitoring the latest market activity in and around the nation's capital, offering a week-by-week breakdown of the real estate landscape. Here’s a snapshot of what we saw in Northern Virginia the week ending March 9: ??New Listings on the Rise: The DC region saw a 10.5% increase in new listings last week, following a typical seasonal trend. Expect more homes to hit the market as we move into spring! ??Federal Impact: Listings are still relatively higher in the Washington DC region, though it is still too early to tell the extent to which DOGE is impacting homeowners. ??Buyer Demand is Strong: Despite rising listings, buyer activity is up — new pending contracts increased by 12.1%, showing that demand remains high in Northern Virginia. Stay tuned for more trends as the spring market heats up! Learn more at nvar.com/stats.

Last week, our 2025 Leadership Institute hosted another highly productive session. The class received valuable media training from Ron Phipps, Past-President of the National Association of REALTORS?, at One Loudoun. Through this session, participants honed their skills in effective communication, powerful public speaking, and navigating media inquiries related to real estate. This experience equipped them with the tools to become even more effective leaders within our Association.

Congratulations to our 2024 Top Producers Club (TPC)! NVAR is honored to recognize your dedication and diligence to your craft. Thank you for joining us for a night of fun and celebration at "Ovation." We're proud of your accomplishments and excited to see TPC reach new heights in 2025! ? It's not too late to apply for the 2024 Top Producers Club, visit nvar.com/tpc to apply by March 31, 2025.

Bright MLS has been keeping a close eye on the latest market activity around the nation's capital. For the week ending March 2, 2025, sellers in Northern Virginia drove a notable increase in new listings. Learn more at nvar.com/stats.