NORTHERN VA housing stats

HOUSING INVENTORY STATISTICS for
NORTHERN VIRGINIA
(All 102 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): NORTHERN VIRGINIA home prices are the strongest in the DMV---however, weakening. WASHINGTON DC homes prices have been basically flat for past 12 months and trending toward a negative number. I expect in the next few months for MARYLAND home prices to turn negative.

  • NORTHERN VIRGINIA housing market now mixed market. Price increases are decreasing. Seller's market.
  • Now +5.2%
  • Sept +6.4%
  • August +5.3%
  • July +4.9%
  • June +6.1%
  • May +9.5%

  • WASHINGTON DC homes are depreciating! In past 5 months, home prices have been negative---3 out of 5 months. Buyer's market. In other words it is cheaper to buy now than buying the same house you saw 12 months ago! Ouch.........
  • Now +1.1%
  • August -0.1%
  • July -1.0%
  • June +3.6%
  • May -5.3%

  • MARYLAND housing market appreciation is at lowest level in past 12 month. Clearly now a Buyer's market. Below are annual appreciation rates.
  • Now +2.1%
  • August +4.4%
  • July +2.8%
  • June +8.7%
  • May +9.9%

  • Tobin's NOTE: inflation is running at an annual rate of 7.7%. Despite what the Government says---I am seeing a recession in the housing market. Home prices are still increasing, however, annual appreciation has slowed a lot. For the first time in 2 years, my Buyers are able to ask for help with closing costs and we are able to do a full Home Inspection (and ask for repairs). It is becoming a BUYER's market.

  • Social Security. An indication of inflation---Social Security recipients will receive a 8.7% increase in 2023.
Tobin's NOTE: Median price of home today in NORTHERN VIRGINIA is $619,500. A +5.3% annual increase.
  • Same home 12 months ago would have cost less at $570,000.
  • You would pay $2,492 a month MORE, 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).
See below. A major reason why there is a low inventory of homes for sale.

See below. There are very few foreclosures today---compared to the Housing Crisis of 2008/2009. And we should not expect to have many foreclosures. Lending standards have tightened.
See below. It is true---you are paying someone's mortgage---either your mortgage or your Landlord's.
See below. My Parents always talked about how far they had to walk to school. Amazingly a rare photo was found of my Parents on their way to school.
See chart below: NORTHERN VIRGINIA supply of homes for sale, continues to increase. Now at 2 1/2 year high! (Tobin's note, in past 5+ years of doing this report for VA, MD and DC---never seen such excess inventory).
See "gold" and "orange" dials below. SUMMARY: Becoming a Buyers market.

  • See chart below. NORTHERN VIRGINIA home prices have been been trending down. Now 5.3% increase in past 12 months. This is less then the rate of inflation.
  • Producer price index (PPI) up 8.5%---ouch. PPI is a predictor of future Consumer Price Index rise.
  • Was 8.7% last month
  • CPI (consumer price index) is:
  • now 7.7%
  • Sept 8.2%.
  • August 8.3%
See chart below. NORTHERN VIRGINIA saw a significant decrease in number of homes sold this year when compared to last year, 2021. Why?
  • buyer's are sitting on sidelines and are not buying
  • increasing home interest rates
  • buyers expect home prices to continue to decline
  • seller's have low home interest rates and don't want to sell and buy a home with a much higher interest rate.
See chart below---by Zip Code and Corresponding City
The 102 zip codes/communities in NORTHERN VA experienced appreciation of +2.1%.
  • Inflation is 7.7%. Consumer Price Index (CPI)
  • Producer Price Index (PPI) is:
  • now 8.0%
  • Sept 8.5%
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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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.
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Regards,
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES® 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,