NVAR Reports that Northern Virginia January Home Sales Down but Pending Home Sales Rose 14%
Good Signs that Sales Heading Up for Spring

  FAIRFAX, Va. (February 15, 2023) – Northern Virginia home sales declined in January, dropping 33.6% compared to January 2022, but in a good sign, pending sales grew 14% from the month prior, reversing an eight-month skid, according to the Northern Virginia Association of Realtors® (NVAR).     “Pending home sales indicate an increase in market activity,” explained NVAR Board Member Peter Bixby, Compass Realty. “This growth is a positive sign. The buyers and sellers I work with are motivated and adjusting to higher mortgage rates.”   Despite lower sales activity, the average days on the market in…

599 Views, 0 Comments

Read Full Post