NVAR Market Statistics: October, 2016

Fairfax – The returns are in for the October housing market in the Northern Virginia Association of Realtors®, which includes the counties of Fairfax, Arlington, and the cities of Alexandria, Falls Church, Fairfax and Clifton. The results show that the average and median sales prices as well as the number of sales all ticked up about 1 percent, resulting from slightly more buyer turnout.

December 9, 2016 / by / in
Northern VA Real Estate Market Activity (June 2016)

The Northern Virginia real estate market saw minor increase in sales compared to last year June. 4,363 homes were sold. According to NVAR chairman of the board “ The biggest challenge in the Northern Virginia real estate market is low inventory. Ready millennials are finding it hard to get entry-level homes.” There were 5,181 active listings in June, and 5,733 listings in June 2015. This creates a competitive market for single family homes with the low interest rates available.

July 27, 2016 / by / in