Regional Housing Sales Cool but Still Hot Compared to Pre-Covid
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Regional Housing Sales Cool but Still Hot Compared to Pre-Covid, Reports NVAR April Housing Sales Down but Prices Up from Last Year
FAIRFAX, Va. (May 13, 2022) – Housing sales slowed compared to April of last year but grew compared to March, according to the Northern Virginia Association of Realtors® (NVAR). Even with easing sales, it remains a seller’s market and home prices continued to surge. “Rising mortgage rates and limited supply have finally cooled the market but when considered in context of our pre-covid world, we are still experiencing outstanding growth in housing sales,” said Derrick Swaak, NVAR Board Member and Partner/Managing Broker, TTR Sotheby's International Realty. “Long-term this slowing may help more…648 Views, 0 Comments