September Home Sales Dip Compared to Last Year; Average, Median Prices Tick Upwards; Home Sellers Still 'In Driver's Seat,'|
Reports the Northern Virginia Association of Realtors®
Fairfax - In spite of a productive local economy, a Federal Reserve edging up interest rates, and inflation making the news, some home buyers may be sidelined by the mortgage application process and lean inventory, reports the Northern Virginia Association of Realtors®.
"Although Northern Virginia sellers remain in the driver's seat, our September data regarding rising home values is a positive indicator to those wondering about market headwinds," said 2018 NVAR Chairman of the Board Lorraine Arora. She pointed out that the