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Northern Virginia Market Update April 2024

Northern Virginia Market Update April 2024

The data for the real estate market in Northern Virginia are showing inventory levels are continuing to improve, providing more options for home buyers. Home prices are up 5% from the previous month; closed home sales are up 19%, and home inventory is up 3%. Mortgage...
Northern Virginia Market Update March 2024

Northern Virginia Market Update March 2024

This month’s real estate market update March 2024 in Northern Virginia is all about the Spring Market. Home prices are up 4% from the previous month; closed home sales are up 27%, and home inventory is up 14%. The year is off to a great start. Mortgage interest...
Northern Virginia Market Update February 2024

Northern Virginia Market Update February 2024

This past month, the real estate market update February 2024 in Northern Virginia has been vibrant. More homeowners put their properties up for sale in the new year. This happened as the holiday season came to an end, the new year began, and mortgage interest rates...
Northern Virginia Market Update January 2024

Northern Virginia Market Update January 2024

Studying the housing statistics for Northern Virginia for the end of December, we see all the signs of a seasonal low. It’s the time of year for holidays, family get togethers, and cold winter weather. The numbers show a sluggish time for housing sales. The new...
Market Update December 2023

Market Update December 2023

This past month, the real estate market in Northern Virginia continues to be steady with some key positives. The Department of Labor Statistics announced inflation rose only 0.1% from November to December and the new inflation rate from November 2022 to November 2023...