NORTHERN VA housing stats

HOUSING INVENTORY STATISTICS for
NORTHERN VIRGINIA
(All 103 zip codes/communities)

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 / Eagle Scout.
Quick summary of DMV (DC, MD and VA): 1 DOWN and 2 UP.
  • MARYLAND housing market has reduced appreciation somewhat---9.5% appreciation versus previous month's 12.3% appreciation. ....still high!
  • WASHINGTON DC is plunging rapidly. Current appreciation is 4.8%. This is huge decrease from two months ago when DC experienced 12.3% appreciation.
  • NORTHERN VIRGINIA market continues to skyrocket upward, now at 10.3% from previous 12.3% annual increase. ......Yikes!
  • NOTE: inflation is running at an annual rate of 8.3%. We should expect home prices to at least match the annual inflation rate.
Tobin's note: Median price of home today in NORTHERN VIRGINIA is $645,000.
  • Same home 12 months ago would have cost $585,00.
  • Increase of $60,000 over 12 months.
  • You would have to save $5,000 each month to buy same home you saw 12 months previously. (Tobin's note, this is crazy!).
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. Mortgage rates are continuing to rise.....yikes! (Tobin's prediction---by the end of this year, rates will continue to rise and be at a 20-year high. Why? Because of high inflation and lack of homes for sale).
  • See below. The CPI (Consumer Price Inflation) was just reported dropping from 8.5% to 8.3%. However, the predictor for future CPI is the PPI (Producer Price Index)---which rose 11%. The PPI reflects the cost of goods that producers/manufacturers are paying and that cost will flow to the CPI. (Tobin's note, inflation will continue to accelerate).

Conclusion. Home interest rates are going to continue to rise. If you are thinking about buying---buy now!
See below. Interesting information. 1/3 of all home buyers are buying for the 1st time.
See chart below: NORTHERN VIRGINIA (see below). Virtually no inventory of homes for sale. 5 year low of home inventory.
See "gold" and "orange" dials below. SUMMARY: Seller's Market.

See chart below. NORTHERN VIRGINIA home prices are rising faster than the rate of inflation---although price increase has moderated somewhat.
  • Now 10.3% annual appreciation
  • Last month 12.3% appreciation.
  • Note: inflation for previous 12 months was 8.3%.
See chart below. NORTHERN VIRGINIA saw a decrease in number of homes sold this year when compared to 2021. Why? Not enough inventory of homes to buy.
See chart below---by Zip Code and Corresponding City
The 103 zip codes/communities in NORTHERN VIRGINIA experienced an increase in appreciation of 10.3% in past 12 months. Inflation is 8.3%.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.com archive goes back several years.






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SPRING 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.
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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)
Cell: (703) 327-6800,
Website: www.SoldBySeven.com,