March Brings Record High Pricing to Fast-Moving Northern Virginia Housing Market

  Fairfax, Va. – Buyers acted quickly to make offers on homes in Northern Virginia in March. “I put a listing up at 8 a.m., and by 10 a.m. would have the first showing,” said Thai-Hung Nguyen, Northern Virginia Association of Realtors® (NVAR) secretary-treasurer and principal broker with Better Homes and Gardens Real Estate Premier in Falls Church. “What Realtors® are dealing with now are a lot of showings within the first 48 hours of listing,” said Nguyen.   Homes in the NVAR region, which covers Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton, sold with an average of just 14 days on…

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February Northern Virginia Home Buyers Jump at New Listings; High Price Pattern Persists   Fairfax, Va. – “New listings jumped in our region in February compared to January,” said Reggie Copeland, president of the Northern Virginia Association of Realtors® (NVAR) and principal broker of C.R. Copeland Real Estate, “but even with a 38.5% month-over-month increase in new listings, buyers still snapped them up quickly.”    More than half (846) of the 1,355 home sales in the NVAR region in February were on the market for 10 days or less.    “Long gone are the days when buyers could go home and ‘sleep on it’,” said Copeland.   According to data from Bright MLS, the region’s Multiple Listing Service, there was a 29.6% monthover-month…

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