
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, except in Arlington. Arlington was down 1.5% and still sits 10% below its May-2021 high. Prince William led the March move in our region, up 13%...