August Home Sales: 1 Percent Rise; Active Listings & Pendings Dip, First-Time Homebuyers Start Their Equity Clocks Ticking While Interest Rates Remain Good
With many August home sales data points tracking horizontally or up, leaders at the Northern Virginia Association of Realtors® conclude that the anticipated expected tax deductions have not adversely affected Northern Virginia home sales.   "For the short term, the limits to the state and local tax deductions (SALT) appear to be only a slight headwind to buyer confidence in our region," said 2018 NVAR Chairman Lorraine Arora. 

"We are showing slight increases in our average sold and median sold prices for August along with homes that are on the market…

4013 Views, 0 Comments

Read Full Post

REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Real Estate Business Intelligence (RBI). The market statistics are gathered through data provided by the Metropolitan Regional Information System (MRIS), which serves as the multiple listing service for Prince William County.

A total of 862 homes were sold in July 2018, a slight decrease of 1.7 percent compared to July 2017 closed sales. The number of new pending increased by 6.8 percent also year-over-year, from 804 pending to 859.  New listings saw a small increase of 1.3 percent year-over-year, from 1,032 new listings to 1,045. There were less active listings available this year with…

8115 Views, 0 Comments

Read Full Post

July Home Sales Equity Gains Ring True for NOVA Sellers;
Active Listings Dip;
New Under Contracts Rise More Than 2 Percent,
Reports the Northern Virginia Association of Realtors®   Fairfax - July was a hot month for Northern Virginia in more ways than one; turns out that the rainy weather enticed house hunters to step up searching. With homes staying on the market for a shorter timeframe, prospective home buyers are struggling to keep their cool as they compete for this region's limited inventory of homes for sale.
"July's home sales continue to highlight the low inventory crunch Realtors® and their clients have faced for several consecutive months," said Rob Wittman, a broker with Redfin Corporation in…

814 Views, 0 Comments

Read Full Post

Washington, DC - (July 12, 2018) - The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.   June's median sales price was $603,375, beating last year's median and showing the highest June level on record. The 890 June sales represented a 1.2 percent decrease versus last year and above the June five -year average of 880. Even with the median sales price at record highs, supply is scarce with only 2.0 months of supply on hand. There was a 1.5 percent bump in contract activity compared to last June. The 1,002 overall new pending sales topped the five-year…

634 Views, 0 Comments

Read Full Post

June Home Sales Dip 5 Percent, New Contracts Rise 5 Percent, Housing Supply Still Lean as Slower Summer Months Approach,
 Lenders Offer New Products for Interest Rate Locks Reports the Northern Virginia Association of Realtors®   Fairfax - Even though the housing market nationally has leveled off, Northern Virginia buyers successfully closed on 2,581 homes in June. These sales amount to a modest decrease of 5 percent compared to the 2,718 homes sold one year ago. This is no cause for concern when looking at the big picture of Northern Virginia home sales trends this year.   "The slight decline in this past month's home sales reflects that summertime is upon us, people are busy with plans, and clients…

836 Views, 0 Comments

Read Full Post

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. 
Contact Us Today
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…

856 Views, 0 Comments

Read Full Post

May Home Sales Remain Brisk as Spring Season Ramps Up,
Condo Sales Strong, Moderate Economic Growth Expected
Reports the Northern Virginia Association of Realtors® 

Fairfax – Americans are paying a little more for housing this year as demand has been brisk, and serious buyers know that stalling a home purchase means higher prices. Northern Virginia buyers get this too, as Fairfax County, Arlington, Alexandria and Falls Church reached a combined 2,459 transactions in May. This movement reflects a slight dip of under 3 percent compared to the 2,526 homes sold in May 2017 in the NVAR footprint.

“With our Northern Virginia local economy in a great place regarding employment numbers, we do not think our region’s economy is at risk to overheat any time…

918 Views, 0 Comments

Read Full Post

According to the Virginia REALTORS March 2018 Home Sales Report, performance of the March residential real estate market slowed as a tight inventory supply and higher prices pinched the market. March 2018 volume (the sum of all sales) increased 1.0 percent over the same period in 2017, from $3.255 billion in March 2017 to $3.288 billion in March 2018. Typical of industry seasonality, volume rose from the prior month by 47.9 percent (from $2.223 billion in February 2018).

Also in accordance with historical seasonality trends, the number of transactions in March increased month-over-month by 40.6 percent (from 6,941 to 9,759) as the Spring selling season has begun. However, year-over-year sales in March dropped 2.6 percent from their 2017 benchmark…

1164 Views, 0 Comments

Read Full Post

April Had Cool Temps But Market Heated Up:  Record Overall Sales in Northern Virginia; Total Active Listings, Pendings Have Room to Grow, Reports the Northern Virginia Association of Realtors®   Fairfax - April home sales numbers hit a record high for the past decade in the combined area of Fairfax County, Arlington County, Alexandria and Falls Church, with 2,079 sales, which is 4 percent higher than the 1,996 homes sold last year at that time.

"While we are nearing  the height of the spring season, we have already reached a high water mark this year with April's  sales,"

said Lorraine Arora, NVAR chairman of the board and Weichert Fairfax Regional managing broker. "It is actually the best April in the last decade for the total…

767 Views, 0 Comments

Read Full Post

March 2018 Washington, DC Market Trends Report Median sales price reaches highest March level on record; supply continues to be scarce

Washington, DC - (April 11, 2018) - The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.   March's median sales price was $555,451, showing an increase of 3.8 percent over last year's median and is the highest March level on record. The 708 March sales represented a 9.0 percent decrease versus last year (the highest March value since 2005) and is 7.7 percent above the March 5-year average of 657. Even with the median sales price at record highs,…

1013 Views, 0 Comments

Read Full Post