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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 …

Market Update

The Fairfax City housing market sold at a rate of 12% last month. That means that it is taking the average house over 8 months to sell. This is down from a 14% rate in February and lags the Northern Virginia market as a whole which sold at a 17% rate in March. The difference between the Fairfax City and Northern Virginia as a whole …