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:
MARYLAND housing market is getting stronger---10.7% appreciation. Reason is due to low inventory of homes for sale in MARYLAND.
WASHINGTON DC has rebounded from negative appreciation toan annual increase of 4.4%.
NORTHERN VIRGINIA market experienced 7.1% annual increase.
Tobin's note: Median price of home today in NORTHERN VIRGINIA is $562,000. Same home 12 months ago would have cost $525,000. Increase of $37,000 over 12 months or a monthly increase of $3,083. You would have to save $3,083 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. Consensus of experts is home prices will grow by 5.1% in 2022.
See below. Two Reasons Why Waiting To Buy a Home Will Cost You.
Where will home prices be a year from now?
Where will mortgage rates be a year from now?
See chart below: NORTHERN VIRGINIA (see below). Supply of homes for sale is now at a 6-month low
See "gold" and "orange" dials below. SUMMARY: SELLER'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 increasing again. Previous 2 months had shown low annual appreciation of 3-4%. Appreciation is now surging to 7.1%.
See chart below---by Zip Code and Corresponding City
The 103 zip codes/communities in NORTHERN VIRGINIA experienced a "turn-around". Prior months saw a 3% to 4% INCREASE in median sales price. November saw a significant 7.1% increase in sale price 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.
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 new 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 (2021 - 2018)
