Tim Trainum Properties
"Delivering a Preferred Experience in Real Estate!"
REALTOR®, VA License #0225235004
Key Local Market Info!
Key Local Market Info!
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November
11
11
Northern Virginia Home Prices Rebound in October
September Price Firming Sets Up Strong October Move
- 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.
October
20
20
Is the Northern Virginia Housing Market Signaling a Bubble in 2021?
Housing Bubble Concerns Rise Among Some Consumers
Some home sellers and buyers alike have become concerned about home prices. It's an asset class they either own or consider buying. This concern has grown significantly for some in 2021 given the strong price moves and national attention the housing market has received in the media. What's more, the impacts of the Great Recession and 2008 housing collapse are still visible in the rearview mirror for so many people. Are we in a housing bubble, again? I've prepared a few graphs containing some imp...
October
19
19
Northern Virginia Home Prices Mixed in September
Summer Decline in Home Prices Possibly Showing Signs of Firming
- NoVa Prices Decline 2.7% in September: Mainly represented by Fairfax and Loudoun counties. Conversely, Arlington and Prince William experienced an uptick in prices. Easing prices since the May highs could be showing signs of possible firming into the fall season as the Home Demand Index rises.
- Sellers Hold on...
September
17
17
Northern Virginia Home Prices Continue to Ease into the Fall
Northern Virginia Home Prices Continue to Ease into the Fall Season
- Prices Decline 4.2% in August: Home prices in all sub-markets across Northern Virginia fell again in August. This continues the month-over-month trend experienced since prices reached their relative highs in May. 4.2% is the largest single-month decline during the last three months, but well short of the largest single-month gain experienced during 2021 (6.8% in April).
August
12
12
Northern Virginia Home Prices Cool in the Summer Months
What Has Changed in the Last Few Months?
- More Homes & Fewer Showings: There are approximately 25% more homes coming onto the market for sale than in the late winter to spring months. Part of this is seasonal and part is the result of more and more sellers wanting to take advantage of higher prices. Showing requests from buyers have slowed by 27% in the last several weeks. This is due in part to the seasonal effect of summer vacations combined with more holiday weekends. Additionally, the buyer surge that ensued after...
Tim Trainum Properties
Office: (571) 386-1075 Cell: (703) 568-6750 Email Me
- 43777 Central Station Drive
- Suite 390
- Ashburn, VA 20147
Office: (571) 386-1075 Cell: (703) 568-6750 Email Me
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