October Market Keeps Seller Spirits High Properties Continue to Move at a Rapid Pace in Northern Virginia

Fairfax - "Not only are the days getting shorter, but so are the days on market for properties listed in Northern Virginia," says Christine Richardson, president of the Northern Virginia Association of Realtors® (NVAR) and an agent with Weichert, Realtors® in Great Falls, Va.

"The average number of days on the market for listings in our NVAR footprint was down about 27% compared to last October," Richardson says. "And in Alexandria, properties stayed on the market for an average of just 10 days - a 68% drop in the course of one year," Richardson adds.

Today marks the one-year anniversary of Amazon's announcement of its HQ2 location coming to…

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A Seller's September  Leaves Are Falling, Autumn is Calling - And So Are Those Buyers!

 

Fairfax - "Fall is in the air, and so is a strong housing market," says Christine Richardson, president of the Northern Virginia Association of Realtors® (NVAR) and an agent with Weichert, Realtors® in Great Falls, Va.   "Homes stayed on the market an average of 31 days before going under contract this September - a significant drop from September of 2018, when the average was 55 days," Richardson said. "The average sold price in our region is up almost 5% from a year ago, so it continues to be a market that favors home sellers."    In September of 2018, 4,134 properties were on the market in the NVAR region, compared to 2,616 properties in…

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Fall Market Set to Kick-Off as Summer Comes to Close Low Inventory,  Housing Prices Are "On Trend" in Northern Virginia   Fairfax - "As the leaves begin to fall, so might housing inventory, but Northern Virginia Realtors® still expect buyer and seller activity to pick-up this season," said Christine Richardson, president of the Northern Virginia Association of Realtors® (NVAR) and an agent with Weichert, Realtors® in Great Falls, Va
"Housing inventory has been steadily declining since 2015 and is continuing to fall," Richardson said. "In August of 2018, we had 3,874 homes on the market for sale in Northern Virginia, whereas last month we had only 2,591 properties on the market, which is a 33% drop in inventory."
That decline is…

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Steady Northern Virginia Real Estate Market Keeps Sellers in the Driver's Seat Motivated Buyers Harness Low Mortgage Rates to Navigate Limited Housing Inventory

 

Fairfax - "Steady as she goes," says Christine Richardson, president of the Northern Virginia Association of Realtors® (NVAR), and an agent with Weichert, Realtors® in Great Falls, Va., describing the region's July housing activity. "Sales and prices in our NVAR region were relatively flat last month," says Richardson. Median and average prices were about 1 to 2 percent higher than in 2018, and the total number of sold units were around 1 percent above last July, with buyers paying 99 percent of asking prices, on average.    "In the 'Amazon Area' covering Arlington County and…

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PWAR Home Sales Report 2nd Quarter 2019 Prince William Association of Realtors® Market Report Key Takeaways Economic Conditions    ď‚· Broad-based job growth in Prince William County-and in the Northern Virginia region more generally-suggests continuing strong demand for housing in the region.  ď‚· Interest rates are even lower now than they were at the beginning of the year, and there is no indication of significant increases in the months to come.  Housing Market Conditions  ď‚· 2nd quarter sales activity remained essentially flat in the PWAR market compared to a year ago, continuing a cooling trend that began at the start of last year.  ď‚· Despite flat sales, the median sales price in the PWAR market continues to climb. At $380,000 the…

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Wet June Weather Won't Dampen Northern Virginia Housing Market Homebuyer Enthusiasm Pushes Limits on Pricing

Fairfax - "Temperatures were not the only things rising in Northern Virginia last month," says Christine Richardson, president of the Northern Virginia Association of Realtors®. "Our NVAR region saw average prices that were 5 percent higher than in 2018, and the average price in Arlington rose by almost 14 percent above last year," Richardson says.

 The average sale price in the NVAR region in June was $632,016, compared to $601,928 in June of 2018. The year-to-date average price at the end of June was $608,685, which was 3.38 percent higher than the year-to-date average in mid-2018. Sales volume for the first half of 2019 in the NVAR region…

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Independence Day is one of the important days in the history of any country. 4th Of July is therefore an important day for the residents of the United States as the country became free and declared its independence on this special day. This independence was first enjoyed in the year 1776 and could be possible only by the efforts made by the leaders and the great personalities. Their efforts as well as sacrifices finally broke the chains to become a free nation. 
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The single biggest issue on most home sellers' minds is how to achieve the highest sale price possible in the least amount of time.  Well, we set ourselves…

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Northern Virginia Home Prices in Full Bloom; May Market Reflects Continued Spring Growth Cycle Homebuyers in Northern Virginia Push Prices to Record Peak; NVAR/GMU-CRA Forecast Adjusted to Reflect Region's HQ2 Effect 

Fairfax - A dramatic first-quarter uptick in sales activity prompted a revised 2019 housing market forecast by the Northern Virginia Association of Realtors® (NVAR), in partnership with the George Mason University Center for Regional Analysis (GMU-CRA).
"Escalating prices and a diminishing number of available homes for sale combined to cause us to revisit 2019 projections for our NVAR market footprint," said NVAR President Christine Richardson of Weichert, Realtors®. Members of an NVAR/GMU-CRA…

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April 2019 Regional Home Sales Compared to April 2018: Northern Virginia
Data as of May 6, 2019   The Northern Virginia Association of Realtors® reports on April 2019 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton.   A total of 2,157 homes sold in April 2019, an increase of 3.75 percent above April 2018 home sales of 2,079.   Active listings decreased this month compared with 2018. Listings were down by about 26 percent below last year, with 2,505 active listings in April, compared with 3,396 homes available in April 2018. The average DOM for homes in April was 30 days, a decrease of about 35…

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