You will not find this information anywhere else. Median sale price of homes by Zip Code and City. Data from MLS. Prepared by TOBIN SEVEN, Principal Broker / Army Veteran.
Quick summary NORTHERN VIRGINIA housing market is still very strong---SELLER'S MARKET. You would have to have saved $2,208 per month to buy the same home you saw 12 months previously. Reason for 8.5% appreciation is due to low inventory of homes for sale in NORTHERN VIRGINIA. In contrast, DC market has crashed with an annual decline of 4.3%. MARYLAND market is OK, not as strong as NORTHERN VIRGINIA market.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
Veteran Owned and Operated.
Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
See below. Great information about FICO credit score and type of mortgages. FHA loans always have the lowest FICO score requirements. VA loans do not have a set minimum FICO score.
Tobin's note: Median price of home today in NORTHERN VIRGINIA is $570,000. Same home 12 months ago would have cost $525,000. Increase of $45,000 over 12 months or a monthly increase of $2,208.33.
See chart below:
NORTHERN VIRGINA (see below). Very limited number of Homes for sale. Home inventory at a 5-year low.
See "gold" and "orange" dials below. SUMMARY: BUYER'S Market.
See chart below. Sales are down from last year. Reason for decline---NORTHERN VIRGINIA market does not have enough homes for sale.
See chart below. NORTHERN VIRGINIA home prices are strong and are appreciating at an annual rate of 8.5%. There is not enough inventory of homes for sale as homes are selling in 9 days.
See chart below---by Zip Code and Corresponding City
The 104 zip codes/communities in NORTHERN VIRGINIA are reporting a large increase in value. Home appreciation was up 8.5% in past 12 months.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comArchive goes back several years.
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NEW FALL edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
NEW FALL edition. See below. 20-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
Regards,
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES LLC is Veteran Owned and Operated.
Voted Top 8%of all Real Estate Agents in USA (2021 - 2018)
