Improving Northern Virginia and Washington D.C. Market

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Hi everyone, welcome to my brand new video blog, where we give you relative information so you can make informed decisions.

Lately I’ve been getting a lot of questions about how the market is doing. We’ve seen a lot of reports lately about how great the market is and how now is the best time to sell your home. It’s quite an abrupt change from the declining market we’ve been so accustomed to hearing about over the past few years. So I wanted to give you just a couple statistics about today’s market.

The sold dollar volume last month rose 27% from the same month in 2012. The number of homes sold that same month rose 17% and the average purchase price rose 8% from last year.  There were 3,900 homes sold in the Virginia area last month!

There has been a steady increase in the demand for homes, but the supply is at an all-time low. There are only 6,000 homes on the market in the Northern Virginia market right now! That’s only a quarter of what was considered the benchmark in the 2006 market!

This high demand and low supply is putting an increased amount of pressure on upward pricing. The bottom line is now is a great time to be a seller whether you are looking to move up or move down. It’s the perfect time to get your home on the market!

If you need some resources on what it takes visit my website! If you aren’t receiving the market snapshot and you own a home here locally, click on the link located on the side of my blog; you can get a number of relative statistics and facts about the current market.

Thank you for watching!