This month I'm adding Jefferson County in WV and Frederick Counties in both VA and MD as I'm seeing some interest in those in the light of other NoVA and SoMD counties getting more expensive. The market is still very tight with lower inventory, lower … [Read more...]
March Northern Virginia Real Estate Market Still Tight
We are still suffering from extremely low inventory and days on the market across northern Virginia. For example, Loudoun County had 19% less inventory than last year, and the lowest inventory in March for 10 years! In some sectors, double digit … [Read more...]
Record Low Inventory in Northern Virginia in February
We had record low inventory in Northern Virginia again in February. For example, in Loudoun County we had the lowest recorded inventory in 10 years, with only 1.6 months of supply heading into March. Median prices grew 6% over last year in Loudoun, … [Read more...]
No Relief for the Tight Home Market in Northern VA
Prices continue to rise in most markets. Those few markets that did not see an increase over last year are typically small volumes of sales and therefore more statistically volatile. Days on the market is generally lower than last year with tight … [Read more...]
October was always the least dependable of months…*
Market statistics for October were all ALL over the map...the only consistent set of metrics was that active inventory was consistently down compared to last year. This, combined with all the other reasons to sell in the "off season" should be enough … [Read more...]
I’m Starting to Sound Repetitive – July Sales Results are IN!
Mike says "Gee Honey, Really?..." July was about the same as every month this year, with inventory down and days on the market down in most ZIP Codes. Prices are up in most cities and counties, but the number of sales is variable. What this means … [Read more...]
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