Forecasted Shifts Occur in Northern Virginia Housing Market: May Reflects Declines in Sales and Inventory, Says NVAR    Prices Hold Steady Compared to Previous Year   FAIRFAX, Va. (June 13, 2023) – Northern Virginia home sales were down 24.9% compared to May 2022, as home values remained strong but inventory lacked. Mortgage rates have receded slightly from recent spikes, and sales increased 27.3% in May compared to April 2023, showing expected strength during what is traditionally the busiest time of the year, according to the Northern Virginia Association of Realtors® (NVAR).    “The environment may be different than a year ago, but we are still selling homes,” said NVAR Board Member Colleen Wright. “The small decrease in mortgage…

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