I seem to be doing a lot around Frederick County and Winchester City recently, so I'm adding them to the list for monthly stats. In the higher volume markets we generally saw price increases of 2-4% over the previous November although some of the … [Read more...]
October 2018 Real Estate Trends – Increasing Prices, Decreasing Inventory Vs Last Year
Wow, pretty much across the board, we saw significant price increases and decreases in inventory in October 2018. With mortgage rates starting to tick up again, I think people are realizing that now is still a good time to invest in real estate, … [Read more...]
September Real Estate Market Didn’t Loosen Up Much!
Things are still pretty tight in terms of inventory despite rising prices and inventory. Our National Association of Realtors Cheif Economist, Lawrence Yun, puts this down the very high levels of employment, and we are certainly seeing that in this … [Read more...]
Continuing Tight Housing Inventory in July 2018
July continued with tight inventory, generally lower days on the market in Northern VA, and surrounding counties is VW and MD. Prices are generally up since last year. This month I've added Montgomery county MD as I've had some inquiries there. Check … [Read more...]
June Market Statistics – Lower Sales Due to Tight Inventory and Interest Rates Going Up
This month I'm adding Jefferson County in WV and Frederick Counties in both VA and MD as I'm seeing some interest in those in the light of other NoVA and SoMD counties getting more expensive. The market is still very tight with lower inventory, lower … [Read more...]
March Northern Virginia Real Estate Market Still Tight
We are still suffering from extremely low inventory and days on the market across northern Virginia. For example, Loudoun County had 19% less inventory than last year, and the lowest inventory in March for 10 years! In some sectors, double digit … [Read more...]
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