“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…
Lowest + Highest Sold in Northern Virginia : : : March 2022
This is not your typical monthly statistical overview. Averages are just that average. They don’t tell the entire wacky picture of what’s really going on in our Northern Virginia markets. Instead, to offer some perspective I’m sharing monthly lows and highs for detached and condos in each of the following areas – Arlington County, Fairfax…
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…
Northern Virginia January 2022 Market Snapshot
According to the Northern Virginia Association of Realtors the trends we’re already seeing in this “early spring” market makes it difficult to truly make year-over-year comparisons. Despite a 14% dip in the number of homes sold in January compared to last year’s pandemic-fueled activity, transactions were on par with January sales in years prior. While…
2021 Northern Virginia Real Estate Overview
The Northern Virginia real estate market numbers for all of 2021 are now available. I’m giving a snapshot of the Arlington County, Fairfax County, Alexandria City, and Falls Church City statistics for median sold price, sold listings, and average list to sale ratio for 2021 and comparing it to 2020. These numbers really don’t reflect how low the inventory…
Northern Virginia Real Estate – Sept Market Report
Last week, Northern Virginia real estate market numbers came out for September. As predicted the statistics fell more in line with fall stats of 2019 and 2018. Arlington County In Arlington County, the median sold price of homes in September fell compared to last year, as did the total homes sold. However, active listings increased.…
Coral’s Market Snapshot – August 2021
August real estate market statistics in Northern Virginia show a slow return to market levels pre-covid and the typical seasonal buying/selling trends we are most familiar. These market stats are released well into September so things are constantly changing. For the most current activity info in your particular area, you’ll have to call me! Arlington…
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,…
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