Tim Trainum Properties
"Delivering a Preferred Experience in Real Estate!"
REALTOR®, VA License #0225235004
Posts in category 'Sellers'
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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...
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...
July
21
21
How is the Northern Virginia Real Estate Market During COVID-19? (June Update)
This is What Recovery May Look Like - Signals for a Delayed Spring Market
Here are some of the leading top-line metrics that best illustrate the health of the Northern Virginia residential real estate market in June. Listings are Up 15% from May, Pendings (Contracts) are Up 17%, Closed Transactions are Up 29%. The underlying strength that supported the housing market in previous months still persists - Prices are Up, Days on Market are Fewer, Sold-to-List Price Ratio is Up and Buyer Showings have Aggressively S...
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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