NORTHERN VA housing stats

HOUSING INVENTORY STATISTICS for
NORTHERN VIRGINIA
(All 105 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 VA appreciation continues to increase. WASHINGTON DC home prices continue to slide and it is actually cheaper to buy now---than one year ago. Maryland homes prices are weakening.

  • NORTHERN VIRGINIA housing market now BUYER's market. Price increases are increasing.
  • Today +6.4%
  • August +5.3%
  • July +4.9%
  • June +6.1%
  • May +9.5%

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

  • MARYLAND housing market appreciation edging upward. Clearly now a Buyer's market. Below are annual appreciation rates.
  • Today +4.4%
  • July +2.8%
  • June +8.7%
  • May +9.9%

  • Tobin's NOTE: inflation is running at an annual rate of 8.2%. 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 $585,000. A +6.4% annual increase.
  • Same home 12 months ago would have cost less at $550,000.
  • You would pay $2,916.67 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. Home ownership rates continue to rise. There has been a lot of talk about homes being "unaffordable". It is true that with rising interest rates that it is more of a challenge to buy a home. The facts (below from the recent US Census) show home ownership is at an all-time high of 66% and rising!
See below. The average home equity---in past 12 months---went up by an average of $42,000 in Virginia. And that is in one year.
See below. Reasons for "buying" vs "renting".
See chart below: NORTHERN VIRGINIA has a healthy balance between home inventory and sales. This is not true in Maryland or Washington DC.
See "gold" and "orange" dials below. SUMMARY: Neutral between buyers and sellers.

  • See chart below. NORTHERN VIRGINIA home prices continue to increase.
  • 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 8.2%.
  • Was 8.3% last month.
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
  • and Buyers expect home prices to continue to decline
See chart below---by Zip Code and Corresponding City
The 105 zip codes/communities in NORTHERN VIRGINIA experienced appreciation of +6.4%.
  • Inflation is 8.2%. Consumer Price Index (CPI)
  • Producer Price Index is 8.5% (PPI)
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.
FALL edition. See below. 23-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® 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,