Market Update

Market updates

One letter a month for each market I follow, with the numbers behind it.

Published October 18, 2026 in Market Update · Fairfax

Fairfax had more listings, but buyers still kept the market moving

For the three months ending August 31, 2026, the Real Estate Data Aggregator counted 688 homes sold across Fairfax, up 1.9% from a year before, even as inventory and new listings both grew.

By Elizabeth Sachero-Perez
Homes sold
Up 1.9% from 2025
New listings
Up 8% from 2025
Homes for sale
Up 5.2% from 2025
Read the letter

Published October 18, 2026 in Market Update · Vienna

One part of Vienna is moving much faster than the rest

In the three months ending August 31, 2026, ZIP code 22181 pulled away from the rest of Vienna, with nearly 3 in 4 homes under contract within two weeks and sellers averaging 101.6% of their list price.

By Elizabeth Sachero-Perez
Median sale price
Down 5.5% from a year before
Median days on market
10 days shorter than a year before
Avg sale to list
Up 0.9 points from a year before
Read the letter

Published October 18, 2026 in Market Update · Chantilly

More homes are for sale in Chantilly, but buyers are still moving

Inventory across Chantilly rose 31.5% year over year in the three months ending August 31, 2026, yet pending sales still climbed 2.3%, according to the Real Estate Data Aggregator.

By Elizabeth Sachero-Perez
Homes sold
Up 0.5% year over year
New listings
Up 9.5% year over year
Pending sales
Up 2.3% year over year
Read the letter

Published October 18, 2026 in Market Update · Centreville

Centreville sales rose even as more homes came on the market

In the three months ending August 31, 2026, the Real Estate Data Aggregator counted 413 homes sold across Centreville, up 9.3% from the same period a year before, even as inventory climbed 20.1%.

By Elizabeth Sachero-Perez
Homes sold
Up 9.3% from 2025
Homes for sale
Up 20.1% from 2025
New listings
Up 13.4% from 2025
Read the letter

Published October 18, 2026 in Market Update · Herndon

One part of Herndon moved faster and sold over list more often

In the three months ending August 31, 2026, ZIP code 20170 outpaced 20171 on speed and above-list sales, even as rates climbed above 7%.

By Elizabeth Sachero-Perez
Median sale price
Unchanged from 2025
Sold above list
Up 11.4 points year over year
Under contract in 2 weeks
Up 3 points year over year
Read the letter

Published October 18, 2026 in Market Update · Falls Church

Falls Church inventory is up, but not every part of the market feels looser

The three months ending August 31, 2026 show more homes for sale across Falls Church overall, yet supply ranges from 1.7 months in one ZIP code to 4.1 months in another.

By Elizabeth Sachero-Perez
Homes for sale
Up 23.7% from a year ago
Homes sold
Down 2.1% from a year ago
New listings
Up 7% from a year ago
Read the letter

Published October 18, 2026 in Market Update · McLean

More homes and more price cuts are changing buyer leverage

National trends are shifting the ground under McLean sellers and buyers alike, and knowing the numbers helps you plan.

By Elizabeth Sachero-Perez
Active listings nationally
Realtor.com, Sep 30, 2026
Existing homes for sale
National Association of Realtors, Oct 17, 2026
Existing-home sales, September 2026
National Association of Realtors, Oct 17, 2026
Read the letter

Published October 18, 2026 in Market Update · Reston

More listings are giving Reston buyers more room to compare

Inventory across Reston's three ZIP codes jumped 68.8% in the three months ending August 31, 2026, giving buyers more choices and asking sellers to compete harder on price and preparation.

By Elizabeth Sachero-Perez
Homes sold
Down 5.3% from 2025
Homes for sale
Up 68.8% from 2025
New listings
Up 15.8% from 2025
Read the letter

Published October 18, 2026 in Market Update · Great Falls

Great Falls has more homes for sale, but many are still moving

Inventory in Great Falls jumped sharply over the past year, yet pending sales rose too, so the market is more balanced than it was, not stalled.

By Elizabeth Sachero-Perez
Pending sales
Up 22% from a year before
Homes for sale
Up 41.7% from a year before
Homes sold
Down 13.7% from a year before
Read the letter

Published October 18, 2026 in Market Update · Oakton

Oakton sellers still have leverage, even with slightly more inventory

The Real Estate Data Aggregator counted 78 homes sold in Oakton in the three months ending August 31, 2026, with just 1.7 months of supply and nearly half of all homes selling above list price.

By Elizabeth Sachero-Perez
Median sale price
Up 19.3% from the same period in 2025
Homes sold
Up 2.6% from the same period in 2025
Median days on market
7 days shorter than the same period in 2025
Read the letter

Published October 11, 2026 in Market Update · Fairfax

Fairfax inventory rose, but the market is still much tighter than the U.S.

The Real Estate Data Aggregator counted 367 homes for sale across Fairfax in the three months ending August 31, 2026, up 5.2% from a year before, yet every ZIP code sits well below the 4.9 months of supply the National Association of Realtors reported nationally.

By Elizabeth Sachero-Perez
22030
up 1.2% year over year
22031
up 14% year over year
22032
up 2.2% year over year
Read the letter

Published October 11, 2026 in Market Update · Chantilly

Chantilly inventory is up, but the market is still tight

More homes are on the market than a year ago, but buyers are still moving fast and sellers who price carefully are still getting full asking price.

By Elizabeth Sachero-Perez
Median sale price
Up 1.8% from a year ago
Homes sold
Up 11.6% from a year ago
Median days on market
10 days longer than a year ago
Read the letter

Published October 11, 2026 in Market Update · Vienna

One part of Vienna is moving much faster than the rest

In the three months ending August 31, 2026, ZIP code 22181 had nearly 3 in 4 homes go under contract within two weeks, even as mortgage rates climbed above 7%.

By Elizabeth Sachero-Perez
Median days on market
10 days shorter than a year ago
Sold above list price
Up 12.1 points year over year
Months of supply
Down 0.9 months from a year ago
Read the letter

Published October 11, 2026 in Market Update · Falls Church

Falls Church has more listings, but demand is still moving

Inventory across Falls Church rose 23.7% in the three months ending August 31, 2026, yet pending sales climbed 4.5%, according to the Real Estate Data Aggregator.

By Elizabeth Sachero-Perez
Homes for sale
Up 23.7% from a year before
Pending sales
Up 4.5% from a year before
Homes sold
Down 2.1% from a year before
Read the letter

Published October 11, 2026 in Market Update · Herndon

Herndon inventory stayed tight even as national supply grew

The Real Estate Data Aggregator counted 276 homes sold across Herndon in the three months ending August 31, 2026, while supply stayed well below the national level reported by the National Association of Realtors.

By Elizabeth Sachero-Perez
Homes sold
Up 5.7% from the same months of 2025
Homes for sale
Up 6.1% year over year
New listings
Up 2.6% year over year
Read the letter

Published October 11, 2026 in Market Update · Centreville

One part of Centreville stayed especially competitive

In the three months ending August 31, 2026, ZIP code 20120 had just 1.4 months of supply and nearly 6 in 10 homes went under contract within two weeks, even as other parts of Centreville moved more slowly.

By Elizabeth Sachero-Perez
Homes sold
Up 9.3% from 2025
New listings
Up 13.4% from 2025
Pending sales
Up 6.8% from 2025
Read the letter

Published October 11, 2026 in Market Update · McLean

More sellers are cutting prices as mortgage rates stay above 7%

The Real Estate Data Aggregator has no numbers for McLean this time, so this update draws on national reporting from Realtor.com, Redfin, the National Association of Realtors, and the Federal Housing Finance Agency.

By Elizabeth Sachero-Perez
Mortgage rates
Above 7% for the first time since January 2025, per Realtor.com
Active listings nationally
Topped 1.16 million homes for sale nationally in September 2026, per Realtor.com
Listings with price cuts nationally
Share of active U.S. listings with a price cut in the four weeks ending September 20, 2026, per Redfin
Read the letter

Published October 11, 2026 in Market Update · Reston

Reston has more listings, but demand still looks steady

Inventory in Reston rose sharply over the past year, yet buyers are still showing up and prices are still climbing.

By Elizabeth Sachero-Perez
Homes sold
Down 5.3% year over year
Pending sales
Down 5.6% year over year
New listings
Up 15.8% year over year
Read the letter

Published October 11, 2026 in Market Update · Great Falls

Great Falls has more listings, but many homes are still moving quickly

Buyers have more to choose from in Great Falls this season, yet 41% of homes still went under contract within two weeks, as of the three months ending August 31, 2026.

By Elizabeth Sachero-Perez
Homes sold
Down 13.7% from a year ago
Pending sales
Up 22% from a year ago
New listings
Up 30.9% from a year ago
Read the letter

Published October 11, 2026 in Market Update · Oakton

Oakton moved faster than the national market this summer

While the U.S. sat on nearly five months of supply, Oakton had 1.7 months and a median 29 days on market for the three months ending August 31, 2026.

By Elizabeth Sachero-Perez
Homes sold
Up 2.6% from a year before
Median sale price
Up 19.3% from a year before
Months of supply
Up just 0.1 months from a year before
Read the letter

Published October 4, 2026 in Market Update · McLean

Higher rates and more price cuts are changing seller expectations in McLean

The Real Estate Data Aggregator has no counts for McLean this time, so this update draws on national websites to show what the broader market is doing and what it means for homeowners here.

By Elizabeth Sachero-Perez
U.S. listings with a price cut in September
Highest share since October 2022
Active U.S. listings, year-over-year growth
Topping 1.16 million homes for sale nationally
U.S. home prices, year-over-year gain through July 2026
Federal Housing Finance Agency, September 29, 2026
Read the letter

Published October 4, 2026 in Market Update · Reston

Reston had more listings, but buyers still kept the market moving

Inventory rose sharply across Reston in the three months ending July 31, 2026, yet homes kept selling and prices held firm, a different story from the national trend.

By Elizabeth Sachero-Perez
Homes sold across Reston
Up 13.1% from the same period in 2025
Homes for sale across Reston
Up 38.8% from the same period in 2025
New listings across Reston
Up 11.2% from the same period in 2025
Read the letter

Published October 4, 2026 in Market Update · Herndon

One part of Herndon is much tighter than the other

The three months ending July 31, 2026 show two very different markets inside the same town, and which ZIP code your home sits in changes almost everything about pricing and timing.

By Elizabeth Sachero-Perez
Homes sold
Up 9% from 2025
New listings
Up 4.6% from 2025
Pending sales
Up 6% from 2025
Read the letter

Published October 4, 2026 in Market Update · Chantilly

Chantilly sales rose even as more listings gave buyers a little more room

In the three months ending July 31, 2026, the Real Estate Data Aggregator counted 200 homes sold across Chantilly, up 7.5% from a year before, while inventory climbed 19.4%.

By Elizabeth Sachero-Perez
Homes sold
Up 7.5% from a year before
Homes for sale
Up 19.4% from a year before
New listings
Down 2.3% from a year before
Read the letter
Your next step

What would your home sell for today?

Text me your address and I will tell you what your home would sell for today, from the same numbers these letters are built on.

(703) 774-7448Text me your addressYour text comes straight to my phone
Elizabeth Sachero-Perez
Long and Foster Real Estate · (703) 774-7448
Elizabeth Sachero-Perez is a licensed real estate agent with Long and Foster Real Estate, license #0225101224. Market numbers come from MLS records and are believed accurate but not guaranteed. Nothing on this site is an appraisal or a promise of value. If your home is already listed with another broker, this is not a solicitation.
© 2026 Elizabeth Sachero-Perez · Equal housing opportunity