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Tuesday, June 22, 2021

Real Estate

January-to-May home sales see spike upward

A hot 2021 real-estate market coupled with the impacts of the early months of the COVID pandemic in March through May of 2020 have resulted in a significant uptick in year-over-year home sales in the major jurisdictions of Northern...

Fairfax playing catch-up in battle for home-sale supremacy

Fairfax County in May made up some ground in its quest to have the highest 2021 home sales across the Mid-Atlantic region, but continues to trail perennial champ Philadelphia. In May, Fairfax recorded 1,978 sales to 1,753 for Philadelphia, according...

Home-sellers continue to get more across Virginia

Year-over-year home sales prices grew 16.6 percent statewide in May, putting more than $50,000 extra into the pockets of typical sellers as the post-COVID market juggernaut rolls on. The median sales price of all homes that went to closing during...

Multiple challenges taking toll on home-builder confidence

Although it remains comparatively high, rising material prices and supply-chain shortages resulted in builder confidence dipping to its lowest level since August 2020. The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for June shows that...

Va. Realtors to celebrate centennial a year late (blame COVID)

The Virginia Realtors trade group tuned 100 years old in 2020, but the celebrations were muted due to the COVID pandemic. But with the public-health situation improving, the statewide organization is planning to celebrate its centennial at the 2021 convention,...

N.Va. home prices shoot up again in new data

Both average and median home-sales prices were up, year over year, in double digits in May, as inventory struggled to keep up with demand. The average sales price of all properties that changed hands for the month across the region...

Homeowners getting more for each and every square foot

Home-sellers across the Washington region continue to receive more, on a per-square-foot basis, in 2021 than they did in 2020, according to new data. In many cases, the increase is in double digits. Each of the nine major jurisdictions in...

Home prices continue to spike across D.C. core

Median home-sales prices continue to rise – significantly – across the Washington region, as inventory struggles to keep up with demand in many nooks and crannies of the local area. The median sales price across the D.C. metro core stood...

Average single-family home price in Fairfax nears $1M

The average sales price of single-family homes across Fairfax County is moving ever closer to the seven-figure range, as the market continued its post-COVID juggernaut in May. Sales for the month of May totaled 1,978, up 62 percent from the...

Survey says: Local homes market still has a head of steam

The demand for homes in the Washington region remains high, if down slightly from a month before, as inventory continues to be unable to keep up with demand and homes continue going from listing to ratified sales contract in...
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W-L foundation announces student scholarships

The W-L High School Education Foundation has awarded 12 scholarships to members of the Washington-Liberty High School Class of...
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