NVAR Region 2024 Residential Real Estate Market Forecast Mid-Year Update

 

While both the residential and commercial continue to stabilize, the region’s real estate market still has not reached a post-pandemic equilibrium. The inflation rate has continued to slow, with core inflation declining steadily since September 2022. Additionally, the national labor market has remained stronger than anticipated. While hopes of a soft-landing remain, there are continued signs of weakness

Northern Virginia July 2024 home sales increased by 13.5% from last July providing more optimism in a year marked by ups and downs. Contributing to the growth, inventory increased…

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