February's markets behaved unusually, to say the least... prices, sales and inventory were down, and days on market were up generally. These three trends would generally indicate a buyer's market. While that is true in some of the slower moving (more … [Read more...]
Housing Inventory Remains Tight in the DC Metro Area
January was another tight month for real estate. In fact, my home county, Loudoun County had the lowest level of inventory in the past 10 years according to a study by George Mason University and the first time, median prices in Loudoun County … [Read more...]
Record Low Inventory in Northern Virginia in February
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...]
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...]
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