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We’ve compiled some statistics about November’s market. I saw some interesting trends on this report I’d like to share with you today.
Inventory decreased by 25%. We had around 10,800 listings at the end of October. A month later, the MLA only had an inventory of 8,000.
There’s less competition among sellers. Home values increased 1.5%. Your home has the opportunity to be seen by more people. It also has the potential to sell quicker and for top dollar. Plus, a lot of sellers remove their homes for the holidays, which gives you a seasonal advantage.
There are amazing rates for buyers. It’s an opportune time to act on your decision to buy a home while rates are historically low.
If you’re thinking about buying or selling a home in Northern Virginia, please reach out to me today by phone or email! I’d be happy to discuss your real estate needs.
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