Northern Virginia Market Update

The Northern Virginia Real Estate market again sustained its recent strength in June with 20.14% of the available inventory going under contract. This is the third straight month that we have sold more than 20% of the inventory. This surprised me because the market typically sells fewer homes in June than in April or May. Last month was our best June in several years.

Below are the numbers the numbers of sales and listings for the last two and a half years. The Northern Virginia area includes Arlington, Alexandria, Falls Church City, Fairfax City, and Fairfax County.

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  • This is great news. Despite the talk and perception, the fact is, homes continue to sell. On average, over 2000 homes for the last 4 months. Hopefully it will continue on that trend.