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NoVa home prices increase, Hampton Roads sees inventory boost
Prices remained high in August
Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia
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Low inventory, high interest rates strap Va. housing market
July home sales down 20% from 2022, NoVa sales down 23.5% from June
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Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings
Tight housing markets continue in NoVa, Hampton Roads
Home sales, prices up in June, but inventory remains low
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Home sales in Northern Virginia in June were up 3.6% from the previous month, but still down 16% compared with the same period a year ago, according to a report from
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NoVa housing forecast: sellers’ market to continue
NVAR, GMU center predict low inventory, pent-up demand
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Northern Virginia’s housing market will likely remain a sellers’ market for the rest of 2023, according to a Northern Virginia Association of Realtors market forecast released June 6. NVAR and
Hampton Roads housing inventory rises, listings still low
Active listings down 0.97% from April 2022
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Residential inventory in Hampton Roads has risen slightly from last year, although active listings remain below pre-pandemic levels, according to April data from the Real Estate Information Network Inc. (REIN).
Va. spring housing market has slow start
March home sales dropped 24% from a year ago
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Virginia’s residential real estate market is off to a slow start this spring. Virginia home sales in March dropped 24% from March 2022, marking the 16th consecutive month of declining
Va. home sales down 20% from a year ago
February marked 15th consecutive month of declining sales
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Virginia home sales were down 20.3% in February compared with the same month last year, marking the 15th consecutive month of declining sales, according to a Virginia Realtors report released
Va. home sales saw sharp drop in October
Largest yearly sales decrease in more than 10 years
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Virginia home sales in October decreased by 30.2% from the same time last year, the largest year-over-year sales decrease in more than a decade, according to a Virginia Realtors report
Mortgage rates above 7% shock volatile housing market
Rate increases may not be over, economists say
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Charlottesville Realtor Denise Ramey has a client who put in multiple bids for houses over the summer, when the market was booming, but they were all turned down. Now, with
A slow shift
Housing market starting to soften
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Jeremy Caleb Johnson is advising clients preapproved for a mortgage loan at the beginning of 2022 to adjust expectations. The price of houses they may have looked at just months