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Saturday, June 25, 2022

National Association of Realtors

Future of home sales, prices? Jury is still out

The first quarter of 2022 saw more metropolitan areas reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors’ latest quarterly report. Seventy percent of 185 measured metros, including Washington, experienced such price gains,...

Local condo prices still rising, but more modestly

Although they remain well above the national median sales price, home-value appreciation in the Washington region’s condominium market trailed most other areas in new data. The median sales price of a condo in the Washington region during the first quarter...

Millennials continue to make presence known in homes market

The share of Millennial home buyers increased significantly over the past year, and that contingent was the most likely generation to use the Internet to find the home they ultimately purchase and most likely to use a real-estate agent. Those...

2021 home sales highest in 15 years

Despite a year-over-year decline in December, U.S. home sales in 2021 stood at their highest point in 15 years, while prices keep on rising, according to new data from the National Association of Realtors. In 2021, existing-home sales totaled 6.12...

Single-family homes continue to gain value in region

The median price of single-family homes in the Washington region posted a double-digit year-over-year increase in the third quarter, but its bump up was below that of the nation as a whole. With a median sales price of $548,600 across...

Editor’s Notebook: The (alleged) smut gets to stay

Sur-prise, sur-prise, sur-prise, as Gomer Pyle used to say: Panels hand-selected by the leadership of Fairfax County Public Schools have come down on the side of, well, the leadership of Fairfax County Public Schools when it comes to keeping...

Sales prices of local condos growing, but slowly

The Washington region’s year-over-year home-value appreciation in the condominium sector for the third quarter of 2021 was the lowest of all metro areas tracked in a quarterly survey. The median condo sales price of $338,100 was up just 0.8 percent...

Regional home values up 21% over past year

The Washington region saw year-over-year median home-sale prices rise just over 21 percent in the second quarter, slightly below the national increase in a market where affordability and inventory issues are leading to concerns about the future. The median sales...

Local condo-appreciation rates trail national growth

Though remaining above the national median sales price, the rate of appreciation in the Washington region’s condominium market trailed year-over-year national growth in the second quarter of 2021. And there may be a number of reasons why. The median sales price...

Data: COVID cuts into home sales to foreign buyers

No surprise here: Sales of existing homes to foreign buyers during the year of COVID were down significantly from normal times, with both those living in the U.S. and those investing from overseas stepping back. Perhaps the bigger surprise: That...
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Latest News

Police: Man cuts victim with beer bottle in Vienna

A local resident reported to Vienna police that while he was walking home in the 100 block of Patrick...
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