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Tim Trainum Properties
REALTOR®, Northern Virginia - Top Producer!
"Delivering a Preferred Experience in Real Estate!"
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Tim's R/Eview

Tim's R/Eview Home

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Buyers | 34 Posts
Investors | 1 Posts
Sellers | 29 Posts

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September
19

Home Prices Trend Down in August
August Prices Fell 3.9% from July: The median home price in Northern Virginia softened by another 4% in August after hitting a new high of $660,000 in May. All major sub-markets in Northern Virginia declined in price between 2 to 4%, except Arlington which declined 13%. It should be noted Arlington can experience unusual price volatility given the instance of tear-downs and new construction. New constru...

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August
23

Home Prices Trend Down in July
July Prices Fell 3.3% from June: The median home price in Northern Virginia softened by another 3% in July after hitting a new high of $660,000 in May. All major sub-markets in Northern Virginia declined in price between 1 to 5%, except Arlington which bucked the trend hitting a new price high of $738,000.

Even with the recent softenin...

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July
14

Are Home Prices Falling in Fairfax?

June Prices Fall 3% from May: The median home price in Northern Virginia fell for the first time in 2022. After hitting a new high last month of $660,000, the median price in June fell $20,000 (3%) to $640,000. Prices in all major Northern Virginia 

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June
14

Home Prices Trend Up in May
May Prices Increased 2.3% from April: The median home price in Northern Virginia continued to trend up hitting a new high of $660,000, adding another $15,000 to last month's $645,000 median price. All major sub-markets in Northern Virginia increased in price between 2 to 3% with Arlington leading at 6%. Loudoun was the only sub-market declining...

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May
11

Home Prices Trend Up in April
April Prices Increased 4.9% from March: The median home price in Northern Virginia continued to trend up hitting a new high of $645,000, adding another $30,000 to last month's $615,000 median price. All major sub-markets in Northern Virginia increased in price with Loudoun leading at 6%, Fairfax (5%) and Prince William (1%). Arlington was ...

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April
14

Prices Spike Up, Breaking 2021 Highs
March Prices Increased 7% from February: March was a strong month in Northern Virginia home prices much like we experience seasonally in our region (March 2021 was up 6.8% by comparison). The median home price in Northern Virginia increased $40,000 from February ($575,000) to March ($615,000). This breaks the former high mark of $603,000 set in May/June-2021. All major sub-markets across Northern Virginia moved up together in March breaking former price highs, ...

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March
13

Prices Trend Up, Near 2021 Highs
February Prices Trend Up, Still Below 2021 Highs: Overall, the median price of a Northern Virginia home spiked 7.5% during February. All sub-markets moved up during the month, except Prince William which was flat. The Northern Virginia median price remains 5% ($28,000) below the May 2021 high ($603,000). Inventory remains low, but new listings in February dramatically improved from down 22% last month to down only 3% in February. Active listings continue markedly ...

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March
9

Housing Shortage: The Calculation

It's More than Just Supply (Sellers): Buying a home is challenging in today's market. Much of what we see and read laments there is "Low Inventory". Thinking in terms of basic economics many people believe this is because of a lack of supply. Too few sellers are offering to list homes for sale. There simply are not enough homes available. The supply-side is only half of the inventory calculation forgetting about the demand-side.<...>

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/25/2022. The listing information on this page last changed on 09/25/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Sun 09/25/2022 11:41:39 PM EST). Real estate listings held by brokerage firms other than Tim Trainum Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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