“The Market” as we call it in real estate (there are many others), changes often and quickly. I think many people hire agents who aren’t able to quickly adapt to changing circumstances and think of the market as a stagnant thing. It changes on a dime. Buyer demand cooled down a lot in late 2022,…
Northern Virginia Real Estate Snapshot : September 2022
The September markets stats came out last week and the big headline from Northern Virginia Association of Realtors® was “Interest Rates and Inventory Put Brakes on Northern Virginia Housing Sales but Prices Still Trend Up.” Our area continues to have a bit of a shield around it. Even though demand is lower than it was…
Northern Virginia Real Estate Snapshot – August 2022
The market is definitely more balanced. Prices are not plummeting. Sellers need to be patient and know an offer might take more than weekend to appear. Do not price either at or above the comparables. Things are shifting back to the pre-2020 real estate climate, which in the Northern Virginia area, was still very healthy.…
Northern Virginia Real Estate Snapshot – July 2022
July real estate numbers were released last week and as I’ve been seeing and saying, the market has slowed down. What does “slow” mean for this area? A few things – it’s still very much a sellers market, but there is more inventory for buyers to see, which means the feeding frenzy is over, and…
Lowest + Highest Sold in Northern Virginia : : : April 2022
I’m back with your not so typical statistical overview…I’m sticking with the low and high sold property prices in our area including – Arlington County, Fairfax County, Alexandria City, and Falls Church City. The focus is on condos and detached sold properties for a bit of shock and awe enjoyment, but really to give a…
Northern Virginia Real Estate Snapshot – February 2022
A smaller number of available homes in our area continues to create pricing conditions that favor home sellers. Active listings are down, but more significant are new listings hitting the market – down 12% year to date in Northern Virginia. With this shortage in available properties, the number of closings has declined when compared to…
Coral’s Market Snapshot – July 2021
The Northern Virginia real estate market cooled down ever so slightly in July, but time will tell if it was just vacation time for buyers or indicative of a more permanent trend going into the fall. Since these numbers are released well into the next month, the real time activity tells us the whole story,…
Coral’s Market Snapshot – June 2021
We’re loving these long summer days and nights with so much to do around town. We also love how strong our market remains. Check out Northern Virginia’s real estate highlights from June. If you have ANY questions on the market, I am always just a call, text or email away! 𝘋𝘢𝘵𝘢 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘣𝘺 𝘉𝘳𝘪𝘨𝘩𝘵 𝘔𝘓𝘚…
Coral’s Market Snapshot – January 2021
New year, more real estate market stat recaps. I’m keeping in the 𝐌𝐎𝐍𝐓𝐇𝐒 𝐨𝐟 𝐒𝐔𝐏𝐏𝐋𝐘 stat. The 𝘮𝘰𝘯𝘵𝘩𝘴 𝘰𝘧 𝘴𝘶𝘱𝘱𝘭𝘺 stat gives a projection of how long properties will sit on the market before being sold. Arlington County In Arlington County, closed sales were up, however, not as significantly as the past few months.…
Coral’s Market Snapshot – December 2020
I’m back with my Northern Virginia market stat recap for December, which looks a lot like November. As I did last month, I’ve added 𝐌𝐎𝐍𝐓𝐇𝐒 𝐨𝐟 𝐒𝐔𝐏𝐏𝐋𝐘. The 𝘮𝘰𝘯𝘵𝘩𝘴 𝘰𝘧 𝘴𝘶𝘱𝘱𝘭𝘺 stat gives a projection of how long properties will sit on the market before being sold. Arlington County In Arlington County, closed sales…
Coral’s Market Snapshot – Aug 2020
Welcome to second spring in Northern Virginia! At least that’s what this real estate market feels like lately especially Arlington County. I’ve listed and/or sold a total of 8 houses in the past month. Normally, people are out of town so they delay listing until September and typically buyer activity is tepid. Not this year!…
Coral’s Market Snapshot – July 2020
The summer real estate market continues to favor sellers, but signs indicate change could be coming. There are more condo listings and those listings are lingering on the market a bit longer than in previous months. Single-family homes from Arlington to Gainesville are getting multiple offers in just about all price ranges if the homes…
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