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 of DMV (DC, MD and VA):
MARYLAND housing market is slowing down---7.2% appreciation versus previous 10.7% appreciation. Reason is due to low inventory of homes for sale in MARYLAND.
WASHINGTON DC is rebounding. Current appreciation is 6.6%. This is huge increase from two months ago when DC experienced negative appreciation.
NORTHERN VIRGINIA market is cooling down to 6.7% from previous 7.1%annual increase.
Tobin's note: Median price of home today in NORTHERN VIRGINIA is $555,000. Same home 12 months ago would have cost $520,000. Increase of $25,000 over 12 months. You would have to save $2,083 each month to buy same home you saw 12 months previously.
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).
Archiveof past monthly reports for Northern VA, Maryland and DC.
See below. This for US in whole. Is now the right time to sell? Yes!
See below. Interesting info. What type of mortgage are you thinking of using when you buy a home? Below is breakout of Conventional, FHA and VA home loans. Not surprisingly, Conventional mortgages are #1 choice.
See chart below: NORTHERN VIRGINIA (see below). Supply of homes is at 5-year low. This data shows "tight" inventory and it is getting tighter.
See "gold" and "orange" dials below. SUMMARY: Seller's Market.
See chart below. NORTHERN VIRGINIA home prices are decreasing. Now 6.7% annual appreciation vs. previous 7.1% increase.
See chart below. NORTHERN VIRGINIA saw a decrease in number of homes sold this year when compared to 2020. Why? Not enough inventory of homes to buy.
See chart below---by Zip Code and Corresponding City
The 107 zip codes/communities in NORTHERN VIRGINIA experienced an increase in appreciation of 6.7%. That is still less than the 7% annual inflation rate for the past 12 months.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comarchive goes back several years.
NEW. See to the right. Looking for recipes of food to make? Latest home improvement and designer tips? 6 times a year, Tobin offers a high quality 30+ page magazine.Download pdfof latest magazine.
NEW WINTER 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 WINTER 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 (2022 - 2018)
