We had record low inventory in Northern Virginia again in February. For example, in Loudoun County we had the lowest recorded inventory in 10 years, with only 1.6 months of supply heading into March. Median prices grew 6% over last year in Loudoun, … [Read more...]
No Relief for the Tight Home Market in Northern VA
Prices continue to rise in most markets. Those few markets that did not see an increase over last year are typically small volumes of sales and therefore more statistically volatile. Days on the market is generally lower than last year with tight … [Read more...]
October was always the least dependable of months…*
Market statistics for October were all ALL over the map...the only consistent set of metrics was that active inventory was consistently down compared to last year. This, combined with all the other reasons to sell in the "off season" should be enough … [Read more...]
I’m Starting to Sound Repetitive – July Sales Results are IN!
Mike says "Gee Honey, Really?..." July was about the same as every month this year, with inventory down and days on the market down in most ZIP Codes. Prices are up in most cities and counties, but the number of sales is variable. What this means … [Read more...]
Continued Low Housing Inventory in May
Other than Falls Church City, which has a low volume of activity and therefore is not really indicative, every city and county in Northern Virginia saw homes selling faster than last year. And in every case the active inventory is down. In some cases … [Read more...]
April Showers Bring More Low Inventory
Homes were flying off the shelves again during April. In every county and city in Northern Virginia Days on the Market were down compared to last year. In the majority of cases, prices were up and inventory was down. It has been feeling like this is … [Read more...]
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