NVAR Reports Sluggish Home Sales and Limited Selection in October Higher Mortgage Rates and Low Inventory Both Factors   FAIRFAX, Va. (November 16, 2022) – Driven by higher mortgage rates, October housing sales continued to fall, dropping 37.4% compared to October 2021. Meanwhile, limited inventory pushed prices up 4% from the previous year, according to the Northern Virginia Association of Realtors® (NVAR).    “Interesting dynamics are shaping our local market as sales continue dropping but prices keep rising. Even though it remains a seller’s market, the slowing market is also bringing a little more parity to the marketplace as buyers have more bargaining power than over the past two years,” said NVAR Board Member Miguel Calvo,…

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