The market is feeling the effects of recent interest rate increases – as I write this in September 2022, rates are currently double what they were in January 2022. Price increases have slowed down somewhat, but they certainly aren’t showing any signs of decreasing as we are still short of inventory. In the DC metro area there is only one new dwelling permit per three new jobs at the moment, so the situation isn’t likely to get any better soon. Sales are down since last year but inventory isn’t showing any consistent trends – I believe many people who might have listed their homes last year are reconsidering because they have such low mortgage rates. Please comment if you agree!
You can find your location below, or if you don’t see it, let me know and I’ll add it!
| Median Price | Change since last year % | Sales | Change since last year | Active Inventory | Change since last year | Days On Market | Change since last year | |
| Alexandria City | $539,750 | -9% | 212 | -22% | 209 | -39% | 18 | -18% |
| Arlington County | $644,950 | 1% | 234 | -23% | 376 | -29% | 24 | 9% |
| Clarke County | $472,000 | -5% | 14 | -42% | 27 | -10% | 29 | 107% |
| Fairfax City | $600,000 | -3% | 33 | -13% | 39 | -26% | 21 | 110% |
| Fairfax County | $635,000 | 5% | 1266 | -28% | 1561 | -20% | 18 | 6% |
| Falls Church City | $894,950 | 10% | 12 | -33% | 12 | -56% | 11 | -42% |
| Fauquier County | $535,000 | 4% | 96 | -35% | 130 | 0% | 23 | 64% |
| Frederick County VA | $390,000 | 10% | 158 | -16% | 258 | 14% | 21 | 91% |
| King George County | $420,000 | 17% | 41 | -5% | 93 | 45% | 31 | 210% |
| Loudoun County | $670,000 | 9% | 545 | -34% | 651 | 11% | 19 | 46% |
| Manassas City | $430,000 | 15% | 56 | 21% | 68 | 6% | 21 | 50% |
| Manassass Park City | $350,000 | -5% | 15 | -44% | 27 | 17% | 18 | 13% |
| Prince William County | $505,000 | 10% | 611 | -32% | 745 | 10% | 16 | 45% |
| Stafford County | $490,000 | 10% | 235 | -38% | 313 | -5% | 18 | 80% |
| Warren County | $360,250 | 4% | 56 | -41% | 108 | 6% | 22 | 10% |
| Jefferson County WV | $350,000 | 1% | 104 | 4% | 163 | 29% | 25 | 25% |
| Frederick County MD | $450,000 | 6% | 456 | -27% | 428 | -16% | 15 | 25% |
| Montgomery County MD | $565,000 | 2% | 1070 | -27% | 1129 | -27% | 17 | 0% |
| Baltimore County MD | $325,000 | 8% | 964 | -21% | 1045 | -19% | 16 | 23% |
| Washington County MD | $272,450 | 1% | 196 | -8% | 279 | -1% | 26 | 86% |
| Baltimore City MD | $206,000 | 1% | 825 | -21% | 1885 | -17% | 28 | 8% |
| Washington DC | $649,000 | 0% | 693 | -22% | 1692 | 8% | 30 | 11% |
Enjoy these additional resources:
Are we heading for another housing crisis?
Home Appraisals – What to Know
Got questions about buying a home? Contact me today at sian@sianpugh.com or call or text (703) 966 1075
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