July Market Statistics for Northern Virginia

The July market statistics for Northern Virginia are in and so is the good news.

Homebuyers are back! After a cold spell through fall, winter and spring,  buyers are acting on the positives of lower prices, lower interest rates and higher tax credits.

The result?  An increase in sales of existing homes for the last two months.  Savvy sellers who are positioning their prices for the market are the beneficiaries as they go to closing and move into their next home.  Meanwhile, sellers who are holding on to yesteryear price tags are the ones now out in the cold.

As you check the graphs for your area of interest, you may see continuing high inventory of homes with prices still dropping.  In some areas, you will see encouraging trends with more properties going off the market than coming on, with inventories dropping, and  signaling a move toward an appreciating market.

July Market Statistics for Northern Virginia

Alexandria

Arlington

Fairfax

Washington, DC

It’s easy to listen to national statistics about what is happening in real estate, but if you are a buyer, seller or a market watcher in Northern Virginia the market information and trends shown in these graphs will be your best guide for the local situation.  And even better?  Let me customize your search.

As your local real estate market expert, I can assist you or anyone you know in analyzing the market and more importantly, provide understanding and insight to guide a buyer or seller in fulfilling their real estate needs.   You can reach me at 703.927.4554 or [email protected]

Thanks for stopping by,

Michael