Fairfax – The Northern Virginia March housing New-Under-Contract numbers are nearly 18 percent higher than one year ago, new contracts with a contingency are up 1 percent and new pending contracts are up 6 percent, reports the Northern Virginia Association of Realtors®.

“Serious buyers who have been on the fence clearly decided to proceed with a home purchase this past March before interest rates tick up once again,” said NVAR CEO Ryan Conrad. “It is a good sign about the broad economy when confidence levels are rising not just at the Federal Reserve, but with local consumers, too.”

According to NVAR Chairman of the Board Bob Adamson, “While rising interest rates are not holding back serious Northern Virginia buyers, the Achilles heel of our market…

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WOODBRIDGE, VA. March 28, 2017—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Real Estate Business Intelligence (RBI). The market statistics are gathered through data provided by the Metropolitan Regional Information System (MRIS), which serves as the multiple listing service for Prince William County.

A total of 447 homes were sold in February 2017, a slight increase of 1.8 percent compared to February 2016 closed sales. New listings also increased this month by 7.5 percent with 836 new listings in 2017, compared to 778 in 2016. The number of new pending decreased by 5 percent year-over-year, from 746 pending to 709. Active listings…

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