Sign up to get new listings emailed daily! JOIN SIGN IN
(703) 568-6750
(703) 568-6750 Email (703) 568-6750
Tim Trainum Properties
"Delivering a Preferred Experience in Real Estate!"
REALTOR®, VA License #0225235004
Facebook Icon LinkedIn Icon Blog Icon Twitter Icon 
Key Local Market Info!

rss logo RSS Feed
Buyers | 55 Posts
Investors | 1 Posts
Multi-Family Apartment Buildings | 1 Posts
Sellers | 56 Posts

Subscribe and receive email notifications of new blog posts.




English
November
11

by

September Price Firming Sets Up Strong October Move
  1. NoVa Prices Increased 3.6% in October: Mainly represented by Fairfax and Arlington counties. Prince William was the only county with declining prices in October (-3.7%). Easing home prices since the May highs showed signs of firming last month setting up the strong October rebound as the Home Demand Index stabilized at moderate-to-high levels.

  2. Sellers Hold onto Price Gains: Northern Virginia home prices began the year in January at a median price of $505,000. Prices rapidly appreciated to $603,000 (19%) by the end of May. Between June to September, the median price fell 8.8% ($550,000), but rebounded 3.6% in October ($570,000). Presently, property owners are holding onto a majority of their 2021 gains - $65,000 of the $98,000.

  3. Buyers Prefer Suburban Areas: Migration to the suburbs continues to be a clear preference for buyers. The top three appreciating sub-markets on an average sale price basis YTD are Loudoun (13%), Fauquier (13%) and Manassas (11%) with Arlington (-1%) and Alexandria (4%) lagging the most in Northern Virginia. Similarly, Arlington, Alexandria and Falls Church are the only three sub-markets with more days on market before a contract in 2021 than 2020.

  4. Home Demand Index Steady in October: The Home Demand Index (HDI) is a Bright MLS tool that measures and tracks housing demand, home prices, and home buying activities by analyzing property data gathered from the MLS. Consistent with the July price decline, the HDI fell 35 points (22%) to 123 from an April high of 158. The HDI was flat in August, falling only 1 point to 122, but increased to 129 in September and held steady in October. HDI values of 130 and above are considered "High" demand. If you want to see the full report on the current Home Demand Index, here's the link ....

  5. Buyer Opportunity Sits at Relative High: The housing market remains competitive and seller advantaged. However, buyers are now competing with much more success and confronting fewer instances of multiple offers. Also during a time when interest rates are holding at near all-time lows (2.75 to 3% depending on loan type). Buyers who have been waiting on the sidelines or exited the market would be pleasantly surprised to see how the current market can be more successfully navigated.
Categories: Sellers
Tim Trainum Properties
Tim Trainum Properties
  • 43777 Central Station Drive
  • Suite 390
  • Ashburn, VA 20147

Office: (571) 386-1075 Cell: (703) 568-6750 Email Me
LinkedIn IconBlog Icon
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 05/25/2026. The listing information on this page last changed on 05/25/2026. 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 Mon 05/25/2026 11:01:26 PM EST) or (last updated Mon 05/25/2026 11:08:33 PM EST). Real estate listings held by brokerage firms other than Delta Agent Sites 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.
Privacy Policy / DMCA Notice / ADA Accessibility
Federal Housing Equal Opportunity Realtor
This site is hosted, designed and copyright © 1994 - 2026 by Delta Media Group, Inc. -- Patent Pending --
  

Login to My Homefinder

Forgot Password

Register

Pixel