April 2018

Found 2 blog entries for April 2018.

Monetary Policy, Tax Changes Do Not Affect Northern Virginia's Serious Clients, March Home Sales Track Evenly with Last Year, Reports the Northern Virginia Association of Realtors® Fairfax - March home sales numbers in the combined area of Fairfax County, Arlington County, Alexandria and Falls Church totaled 1,768 sales, which is close to the 1,779 homes sold last year in March. This volume of transactions in the Northern Virginia Association of Realtors® region reflects stability: demonstrating that qualified clients are proceeding with their housing decisions regardless of interest rates or tax bill change news, said NVAR Chairman of the Board Lorraine Arora. "That said, we see caution in some buyers since our region's home prices…
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Lean Inventory for Northern Virginia Buyers Sparks Competition for Available Homes,   Reports the Northern Virginia Association of Realtors®   Fairfax - With interest rates rising and the inventory of available homes diminishing, the pace of home sales in Northern Virginia has slowed compared to last year, said Lorraine Arora, the 2018 Northern Virginia Association of Realtors® Chairman of the Board and Weichert, Realtors®   Fairfax regional managing broker. However, home values are holding, with the median price 7.37 percent above February 2017, at $500,000, and homes are selling at an average of 97.7% of the original listing price.   "National inventory constraints continued to challenge Northern Virginia buyers in February,"…
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