Market Update

Market updates

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

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
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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

Published October 4, 2026 in Market Update · Oakton

Oakton homes still moved quickly despite higher mortgage rates

Even with rates above 7%, the Real Estate Data Aggregator counted 65.3% of Oakton homes going under contract within two weeks during the three months ending July 31, 2026.

By Elizabeth Sachero-Perez
Median days on market
13 days shorter than a year before
Homes sold
Up 20% from a year before
Median sale price
Up 17.1% from a year before
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Published October 4, 2026 in Market Update · Vienna

Vienna sales rose even as fewer homes came to market

The Real Estate Data Aggregator counted 271 closed sales across Vienna in the three months ending July 31, 2026, up 12% from a year earlier, even as new listings fell and mortgage rates climbed above 7%.

By Elizabeth Sachero-Perez
Homes sold
Up 12% from a year earlier
Homes for sale
Down 7.9% from a year earlier
New listings
Down 6.7% from a year earlier
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Published October 4, 2026 in Market Update · Falls Church

Falls Church has more listings, but buyers are still active

The Real Estate Data Aggregator counted 293 homes for sale across Falls Church in the three months ending July 31, 2026, up 26.3% from a year before, yet 354 homes still sold and buyers kept moving.

By Elizabeth Sachero-Perez
Homes sold
Unchanged from a year before
Homes for sale
Up 26.3% from a year before
Pending sales
Down 5.9% from a year before
Read the letter

Published October 4, 2026 in Market Update · Fairfax

Fairfax sales rose even as inventory stayed tight

Buyers kept moving in Fairfax through the three months ending July 31, 2026, even as mortgage rates climbed past 7% nationally.

By Elizabeth Sachero-Perez
Homes sold
Up 6.7% from a year before
Homes for sale
Up 5.6% from a year before
New listings
Up 4.6% from a year before
Read the letter

Published October 4, 2026 in Market Update · Centreville

Centreville sales rose even as more homes came on the market

In the three months ending July 31, 2026, the Real Estate Data Aggregator counted 470 homes sold across Centreville, up 14.1% from the same period a year before, even as inventory climbed 14%.

By Elizabeth Sachero-Perez
Homes sold
Up 14.1% from a year before
Homes for sale
Up 14% from a year before
New listings
Up 7% from a year before
Read the letter

Published October 4, 2026 in Market Update · Great Falls

Great Falls prices rose even as more homes came on the market

The median sale price in Great Falls climbed 5.4% to $1,672,500 in the three months ending July 31, 2026, even as inventory grew nearly 40% and mortgage rates stayed above 7%.

By Elizabeth Sachero-Perez
Median sale price
Up 5.4% from a year before
Homes for sale
Up 39.6% from a year before
Homes sold
Down 22% 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