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How’s the Market in Northern Virginia?

“It stinks to be you,” was the  response I got from people at Holiday parties I attended this month.  Everybody knew that the real estate market was down and that I must be having a hard time.  After responding “No, the market is great” a couple of times I realized that people thought I was one of those positive Realtors who liked ads generated by …

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Northern Virginia Real Estate Market Report through November 2009

When you look at long term trends in the Real Estate Market here in Northern Virginia, one thing has consistently remained true over the last couple of years.  The number of listings on the market has consistently gone down.  In the Northern Virginia area, the number of houses on the market was down 28% from November 2008, which itself was down 14% from November 2007. …

Northern Virginia Real Estate Market Update through October 2009

The Northern Virginia Real Estate Market continues to clip along at about a pace that would sell all the houses on the market in 3.5 months.  This is the type of market where prices would be expected to rise, and indeed have been rising.  In the spreadsheets below, you can see that in most jurisdictions, average prices are right around where they were a year …

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Northern Virginia Real Estate Market Update through August 2009

The real estate market cooled slightly in August from July.  This is typical of what happens each year as fall approaches.  In August, buyers had a little easier time finding a house that earlier in the summer.  Nonetheless, houses are moved a lot quicker this August than the previous three Augusts. We continue to see price recovery.  For the first time in several years some …

Northern Virginia Real Estate Market Update through May 2009.

The major change we saw in the market this past month is that prices are climbing.  The lack of inventory has become a real problem, with about a three-month supply of homes on the market in Northern Virginia in general.  Bidding wars are taking place on many houses right now.  I wrote two offers for clients this week; one house had 5 offers on it, …

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Northern Virginia Real Estate Market Update

The December 2008 numbers have been released and are in the spreadsheet below.  Please note at the bottom of the spreadsheet, you can click on the various tabs to see the sales statistics for homes in different jurisdictions of Northern Virginia. For the most part sales remained fairly steady from Novemeber to December.  For “Northern Virginia” (defined as Alexandria, Arlington, Falls Church City, Fairfax City, …

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Northern Virginia Real Estate Market Report (New & Improved!)

Below is a spreadsheet of the latest statistics for the Real Estate Market in Northern Virginia.  A lot has changed (hopefully improved!) this month so take a close look at the spreadsheet.  A few of the changes: Different Jurisdictions are on separate tabs of the same spreadsheet.  As always I have stats for Northern Virginia (Arlington, Alexandria, Falls Church City, Fairfax City, and Fairfax County) …