This is the summary published by the Virginia Association of Realtors for August. The data is interesting year over year. Sales, median sales price, and average days on market are all still looking good but they are not as strong and white hot as they once were. However... Look at pending sales.... Look at the increase in new listings... While the market is cooling, I would urge caution in overreacting. The Months Supply of 1.6 months still means it's a seller's market. Generally, if supply is under 6 months it's a seller's market. I will make a bold prediction though that the September numbers will continue to show a shift to a buyer's market. Click on the image above for the full report.