The Latest Market Trends in Northern Virginia

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation 

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.

What Trends Are We Seeing in Northern Virginia?

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation 

Today we are here in Kingstowne to discuss the current market trends we are seeing in Northern Virginia.

Right now in Kingstowne, we are seeing market levels increasing. Inventory is the highest it has been in the last 5 years, and pending contracts are decreasing. Earlier in the year, we had more of a seller’s market, but now things are starting to level out a little bit. 

So we aren’t in a buyer’s or seller’s market, but there are opportunities to be had out there for all. If you have any questions, don’t hesitate to give me a call. I’d be glad to help you out!