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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 in May (-3%).
The unrelenting increase in interest rates is impacting bu...
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