Market Statistics: August, 2019
Posted by Abuzar Waleed on
Fall Market Set to Kick-Off as Summer Comes to Close Low Inventory,
Housing Prices Are "On Trend" in Northern Virginia
Fairfax - "As the leaves begin to fall, so might housing inventory, but Northern Virginia Realtors® still expect buyer and seller activity to pick-up this season," said Christine Richardson, president of the Northern Virginia Association of Realtors® (NVAR) and an agent with Weichert, Realtors® in Great Falls, Va
"Housing inventory has been steadily declining since 2015 and is continuing to fall," Richardson said. "In August of 2018, we had 3,874 homes on the market for sale in Northern Virginia, whereas last month we had only 2,591 properties on the market, which is a 33% drop in inventory."
That decline is…
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