May Home Sales Rival Cicadas as Buyers Swarm the Northern Virginia Market

Fairfax, Va. – “Housing market activity in the Northern Virginia region was really humming in May and shows no signs of letting up,” says Ryan McLaughlin, CEO of the Northern Virginia Association of Realtors® (NVAR). “Our Realtor® members closed sales for their clients totaling $1.9 billion, which was an increase of 84% above last May. It represents a 30% increase above May 2019 sales volume, so this significant jump in sales activity is not solely a post-COVID phenomenon,” McLaughlin says   The number of new pending sales in May, representing transactions likely to close in June, was 48% higher than last year, at 2,931 compared with 1,983 pending contracts in May…

1580 Views, 0 Comments

Read Full Post