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Posts Tagged ‘market update’

Why some homes don’t sell-even in a great market

As we move enter the last week in February, the market certainly favors sellers. Inventory is very similar to the crazy days of 2004-2005. Multiple contracts on properties are not uncommon. Serious buyers are having to hustle to quickly see hom...

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Market Update: January 2018

We are pleased to share our latest market update for January 2018. Sellers, as the graph above shows, this is your time! Inventory, which usually starts to rise after everyone puts their holiday decorations away and starts the new year, has act...

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Market Update: December 2017

A look at these four graphs tells you all you need to know about our local real estate market as we near the end of 2017. We've used data from Springfield, but the information would be similar for Alexandria, Lorton, Burke and other areas o...

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Market Update-Great time to be a seller

We’ve elected to use our data from Alexandria to give you a snapshot of what’s going on in our marketplace. The stats would be similar in Springfield, Lorton, or most places in Northern Virginia. Inventory is unusually low…in this case...

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Market Update: June 2017

As we approach the end of June, the market has remained strong. Overall, there is just over a month supply of homes. In other words, there are as many homes “under contract” as there are homes “active”. Of the 177 homes under contract i...

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Market Update May 2017

Market Update: Inventory Rises As we enter the last week in May, the increase in inventory has been noticeable. Our last update, a month ago, noted an increase in units from 85 to 116 in zip codes 22315 and 22310. Again, we use those zip...

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April 2017 Market Update

We wanted to take the time to give everyone a market update. As we enter the last week in April, the local real estate market has remained strong. The chart below illustrates the low inventory environment we’ve been working with. You can see ...

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Market Update February 2017

We’ve started 2017 with noticeable low inventory across Northern Virginia. That means fewer homes on the market. So, in all but the luxury ranges, buyers have less to look at, and many homes, in excellent condition and priced correctly, are...

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