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In McLean, Virginia, the detached housing market showed signs of softening in April as inventory levels expanded and contract activity slowed. The median sold price for detached homes was $2,200,000, reflecting a 4.1% decrease from March, while remaining essentially flat year over year with a slight 0.1% increase compared to April 2025. Homes sold in an average of 44 days, which is 9% above the five-year April average of 40 days, indicating a somewhat slower market pace.
Buyer activity cooled during the month, with new pending sales declining 17.5% month over month to 47 contracts. However, total pending transactions, including contracts carried over from March, increased modestly by 4.8% to 65 pending sales. At the same time, inventory surged significantly, with active listings rising 59.4% to 169 homes on the market.
The sharp increase in supply combined with softer contract activity pushed the Contract Ratio down to 0.38 pendings per active listing, compared to 0.58 in March and slightly below the 0.39 ratio recorded in April 2025. The current ratio also sits 32% below the five-year April average of 0.56, signaling that market conditions are becoming increasingly favorable toward buyers. While McLean remains a highly desirable luxury market, buyers are gaining more leverage, more inventory choices, and additional time to make purchasing decisions compared to the highly competitive conditions seen in previous years.
