Realtors® Predict Increase in 2020 Recorded Sales
Posted by Abuzar Waleed onFairfax - "Our Northern Virginia market finished strong in 2019," says Nicholas Lagos, 2020 President of the Northern Virginia Association of Realtors® (NVAR). "Total dollar volume and sales prices were up, and total sales were on par with 2018," Lagos says. Preliminary Bright MLS data show a 2019 total dollar volume of $13,582,371,231 in the NVAR region, representing an increase of 3.88% over 2018 sales volume. Average and median prices were both up around 4% in 2019 compared to 2018. Despite reports of declining inventory, the total number of homes sold in the NVAR footprint last year, which covers Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton, held steady at…
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