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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July
8
8
Home Buyer Alert: Northern Virginia Market Has Shifted | See How
Top 5 Changes in the Market Dramatically Helping Buyers
- More Homes are Available For Sale: 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.
- Home Showings are Down: 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...
June
20
20
2021 is a Competitive Year for Real Estate in Northern Virginia
What is an Absorption Rate; How is it Related to Housing Inventory?
Absorption rate is a mathematical calculation used in various business applications. In real estate, absorption rate is a very important calculation to help understand the rate at which the market absorbs or eliminates housing inventory. Said another way, it measures how fast or slow homes are trading between buyers and sellers. Absorption rate is an important measurement I use when working with buyers and sellers. It helps my buyers understand market velocity and how that velocity is impacting home purchase terms. Likewise, the calculation is one of the factors used with my sellers to position and price a home for sale. Absorption rate is calculated by taking the number of homes ava...
April
14
14
Here's What Q1 2021 Activity Says About Your Home in Northern Virginia
Surge in Number of Buyers Have Dramatically Moved the Market
In the last six months, buyers have been unwinding pent-up demand built during last year's Stay-at-Home orders. Combined with action by the Federal Reserve lowering mortgage rates by some 40%, the result is an excess number of buyers prospecting for housing product. This demand produced impressive price appreciation and speed to contracts during Q1 2021.
March
18
18
Here's Why the Housing Market is Flying High in Northern Virginia
Low Inventory, Interest Rates & Strong Economy
The housing market has dramatically moved further in the seller's favor during the last six months. The market has been operating in a 'Seller Advantaged' environment for several years, but particularly the recent fall in interest rates from 4% to 2.5% (40% decline) has intensified buyer demand. The market had already been experiencing pent-up demand due to the pandemic's Stay-at-Home orders putting a number of buyers on the sidelines. But add to this, action by the Federal Reserve lowering interest rates to stimulate the economy. The result is a large excess number of buyers prospecting for h...
February
17
17
Low Housing Inventory in Northern Virginia Impacts Buyer Behavior
Housing Inventory Sits at Record Lows
Low inventory in the Northern Virginia housing market is nothing new. The local market has been faced with relatively fewer homes for sale since exiting the Great Recession more than 10 years ago. Homebuilders who were hurt during the recession are guarded and have not built new homes in the typical numbers. This has caused a significant amount of accumulated undersupply. Add to this sellers staying in their homes for much longer periods of time, only to be exacerbated by the pandemic.
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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