Market News
Market Statistics in Northern Virginia : October 2024
October brought a surge in home sales across the Washington D.C. metro area, with 4,207 properties sold—a notable jump from both September and the same time last year. Lower mortgage rates and increased inventory have encouraged...
Weekly snapshot September 15
Week ending: September 15, 2024 New Contract above 2023 for three weeks in a row There were 5,978 new purchase contracts this week in the Mid-Atlantic, a 4.6% increase from the same week last year. This is the third week in a row that contr...
Weekly snapshot Aug 4
Week ending: August 4, 2024 List prices fall once again The median list price in the Mid-Atlantic for the week ending August 4 was $400,000, another week-over-week decrease, this week by 2.2%. List prices generally are still higher than the...
Weekly Market Report: Week Ending May 26!
he Weekly Market Report provides up-to-date listing and showing information to help you track market activity in real time. These reports are posted to this page as they are released. Here are the highlights for the week ending May 26, 2024: ...
Weekly Market Report: Week Ending Apr. 28 List price hits a new record high!
The Weekly Market Report provides up-to-date listing and showing information to help you track market activity in real time. These reports are posted to this page as they are released. Here are the highlights for the week ending Apri...
NoVA Real Estate Prices Kept Climbing in 2023 – Feb 5th, 2024
NoVA home prices continued to climb in December, despite scarce inventory and high mortgage rates. The median price of a home was $675,000, up 12.5 percent compared to December 2022. “December home sales data reflects much of the whole yea...
Bright MLS October Housing Report: It’s Beginning to Look A Lot Like Last Year- Nov 15th, 2023
Market activity tracking closely to 2022 levels There were 18,331 new pending sales in the Mid-Atlantic in October, just 3.2% lower than October 2022. The year-over-year difference is the smallest recorded in 2023. New listings were...
4 Reasons Higher Mortgage Rates Are Actually Good for Homebuyers – Nov 3rd, 2023
By: Leslie Cook After years of decreasing mortgage rates, buyers are now facing rates above 4% for the first time since before the coronavirus pandemic. While sub-3% rates were initially a boon for homebuyers and refinancers, higher rate...