Southwest Virginia Real Estate Market Update - February 2026

The Southwest Virginia real estate market continues to show resilience as we move into 2026. Here's what you need to know about current conditions in Wytheville, Wythe County, and the New River Valley.

Market Overview

The local housing market has stabilized after the volatility of recent years. Inventory levels have improved, giving buyers more options while sellers continue to see strong interest in well-priced properties.

Key Statistics

• Median Home Price: $245,000 (up 3.2% year-over-year)
• Average Days on Market: 42 days
• Inventory: 4.5 months of supply (balanced market)
• Interest Rates: Currently averaging 6.5% for 30-year fixed mortgages

What This Means for Buyers

With inventory improving, buyers have more negotiating power than in previous years. It's an excellent time to explore options and find the perfect property without the intense competition of recent years.

What This Means for Sellers

Properties that are priced correctly and well-maintained continue to sell quickly. Professional staging and high-quality photography remain essential for standing out in the market.

Looking Ahead

We expect the market to remain stable through spring, traditionally the busiest season for real estate. If you're considering buying or selling, now is an excellent time to start planning.

Ready to make your move? Contact Short Way Real Estate at 276-223-4018 to discuss your real estate goals.