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Prices Up in October, but Decelerate to First Annual Price Decline
October Prices Up 2.5% from September: The median home price in Northern Virginia was up 2.5% in October. October's uptick was the first increase since May after four consecutive months of decline: June (-3%), July (-3.3%), August (-3.9%), and September (-1.7%). This is fairly typical of the seasonal price movement we see in housing. Prices up from January to May/June, softening until September, then stabilizing to year-end. All major sub-markets in Northern Virginia increased in price...
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