Northern Virginia Housing Market Moderated in October, Reports NVAR Slightly More Inventory Seen as Positive Sign 

FAIRFAX, Va. (November 14, 2023) – Northern Virginia home sales declined only 5.6% while prices rose 3.1% from the previous October, showing more moderation than recent months, reported the Northern Virginia Association of Realtors® (NVAR)

“We saw a few promising signs in October. Declines in home sales were less dramatic this past month while supply grew, inching closer to the five-year average. This means that homebuyers had more choices than a year ago. If mortgage rates dip, we will likely see more activity since buyers and sellers have both been waiting for better rates,” explained NVAR Board Member Arshia Kia with KW Metro…

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