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Friday, October 7, 2022

Northern Virginia home sales

Data: Area homes market still in pro-seller environment (really!)

Another round of monthly data confirming signs of cooling but not catastrophe in the regional home-sales environment. “The Washington area is still a sellers’ market – however, buyers have more leverage on price with less competition in the market,” notes...

Data suggest soft(ish) landing, not crash, for N.Va. real-estate market

Here’s another sign that the local real-estate market is on a downward slope, albeit still a relatively gradual one. The median sales price for homes that sold in Northern Virginia in July stood at $580,000, according to figures reported by...

Low-inventory dam in local real-estate market finally bursts

Forty consecutive months of year-over-year declines in the number of homes listed for sale across the Washington region came to a screeching end in July, when inventory spiked 15.6 percent compared to a year before. While the inventory of condominiums...

N.Va. homes market doing a high-wire act

You take the good, you take the bad, you take them both and then you have? No, not the delightful 1980s sitcom “Facts of Life,” but rather the 2022 Northern Virginia real-estate market. New sales figures from the Northern Virginia Association...

Fewer home sales impacting bottom line of agents, firms

Northern Virginia Realtors shared roughly $30 million less in compensation during the first six months of the year compared to the same period in 2021 despite rising home prices, according to a new Sun Gazette analysis. Year-over-year sales for the...

Most local home-sellers still getting 100%-plus from buyers

Price it right, and they will come. Sellers in the five largest Northern Virginia localities, received, on average, more than original listing price for homes that went to closing in June, according to new data. That’s an indication that sellers to...

First-half home sales down across all of N.Va.

Blame a lack of inventory, blame rising prices and interest rates, or credit the very hot home-sales market of early 2021, but home sales across Northern Virginia’s five major jurisdictions posted a cumulative 15.5 percent decline in the first...

N.Va. housing prices likely to hold firm despite interest-rate jumps

As the Northern Virginia real-estate market transitioned from winter to spring, a lack of inventory has led prospective purchasers and their agents to move fast. “What Realtors are dealing with now are a lot of showings within the first 48...

Quarterly home sales take hit on inventory issues

Inventory or lack thereof is the prime culprit, but total home sales for the first quarter of 2022 in Northern Virginia’s five largest jurisdictions were down a collective 10.1 percent from the same three-month period in 2021. A total of...

Realtor Q&A: How to deal with challenging clients

How do local real-estate professionals deal with clients who prove to be challenges? We asked some top industry professionals for their feedback: Mark Middendorf, Long & Foster: “If you think a specific property is the right one for your buyer,...
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