You will not find this information anywhere else. Median sale price of homes by Zip Code and City. Data from MLS. Prepared by TOBIN SEVEN, Principal Broker / Army Veteran.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
Tobin's note: You would have to save $5,000 a month ($60,000 total) to buy same home you saw 12 months ago. 11.1% annual increase. WOW!
Why wait to buy? See statistics below that confirm the $60,000 increase in median home price in past 12 months
See chart below:
NORTHERN VIRGINIA (see below) has a 5-year LOW inventory of homes for sale.
See "gold" and "orange" dials below. SUMMARY: SELLER's Market.
See screen shot below. inventory of homes for sale is at a 10-year low!
See chart below. Average number of days a home is on the market is at a 10-year low!
See chart below. Average number of offers to purchase a home (4.8 offers) is at a 10-year high!
See chart below---by Zip Code and Corresponding City
The 102 zip codes/communities in NORTHERN VIRGINIA saw a 11.4% increase in home sale median values in past 12 months, Median price of homes went UP from $525,000 to $585,000. WOW!
Due to lack of inventory of homes for sale---overall sales today are less than they were four year ago. See chart below. One of the reason for 11.4% median annual price increase in homes sold.
See chart below. Median price of homes in NORTHERN VIRGINIA rose by 11.4% in past 12 months. Homes are staying on market for 5 days.
Past monthly, Housing Stats for Northern VA, Maryland and DC can be found at: www.DMVhousingStats.com
Website dedicated to Veterans, Active Military and their Families. Valuable information about Home Ownership---BUYING a Home and SELLING a house. In the Northern Virginia, Maryland and Washington DC areas.
New SPRING edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
New SPRING edition. See below. 20-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
Regards,
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES LLC is Veteran Owned and Operated.
Voted Top 8% of all Real Estate Agents in USA (2021 - 2018)
