Category Archives: Market Report

December 01

Buyers’ Market Advice

Did you know that Great Falls and parts of the McLean market are a buyers’ market right now?  In other parts of Northern Virginia, like Sterling, Reston and Alexandria, homes are selling in 30-45 days, in some cases with bidding wars, which is good for sellers, but not great for buyers. By contrast, in Great […]

November 28

Interest Rates are Climbing…Time for Buyers to Get off the Fence!

In case you missed it with all the election news…interest rates are headed up.   Just a little data: an interest rate increase of .5% on a $500,000 loan, means an additional $180 in monthly mortgage payment, which translates to almost 10 percent less buying power on a $500,000 purchase. Ouch! If you have been considering […]

Market in a Minute: February 2016

A Summary of Northern Virginia Market Conditions for January 2016 In Northern Virginia, contract activity in January 2016 was down 8.4% from January of 2015, and there were decreases in five of the six price categories. However, it’s clear that the blizzard from the 22nd — 24th was responsible for this decline — the first half […]