You will not find this Real Estate data anywhere else.
NORTHERN VA housing stats
HOUSING INVENTORY STATISTICS for
(All 102 zip codes/communities)
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 / Eagle Scout.
Quick summary of DMV (DC, MD and VA): NORTHERN VA appreciation rapidly slowing, but much higher than DC. DC has weak home price appreciation,MARYLAND appreciation now highest home price appreciation in DMV!
NORTHERN VIRGINIA housing marketnow BUYER's market. Price increases are slowing down.
Home appreciation now at +4.9%.
+6.1% home price appreciation in June.
+9.5% in May.
WASHINGTON DC home appreciation in past 12 months is up only +3.6%. Previous negative annual -5.3%
Tobin's NOTE: inflation is running at an annual rate of 8.5%. Despite what the Government says---I am seeing a recession in the housing market. Home prices are still increasing, however, annual appreciation has slowed a lot. For the first time in 2 years, my Buyers are able to ask for help with closing costs and we are able to do a full Home Inspection (and ask for repairs). It is becoming a BUYER's market.
Tobin's NOTE: Median price of home today in NORTHERN VIRGINIA is $619,000. A 4.9% annual increase.
Same home 12 months ago would have cost $590,000.
You would pay $2,417 a month extra, to buy same home, you saw 12 months previously.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
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Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
Archiveof past monthly reports for Northern VA, Maryland and DC.
See below. I believe the information below is true. Home price increases are slowing---but their will not be a Housing Market crash---like what we saw in 2008.
See below. The three main organizations that forecast home price increases---all agree---appreciation will start to rise again (note, NAR = National Association of Realtors).
See chart below: NORTHERN VIRGINIA has an excess inventory of homes for sale.
See "gold" and "orange" dials below.SUMMARY: Buyer's Market.
See chart below. NORTHERN VIRGINIA home price appreciation:
continues to decline.Appreciation has been cut in half from appreciation of two months ago.
housing inventory continues to increase.
Producer price index (PPI) up 9.8%---ouch. PPI is a predictor of future Consumer Price Index rise.
CPI (consumer price index) is 8.5%.
See chart below. NORTHERN VIRGINIA saw a significant decrease in number of homes sold this year when compared to 2021. Why?
buyer's are sitting on sidelines and are not buying
increasing home interest rates.
See chart below---by Zip Code and Corresponding City
The 102 zip codes/communities in NORTHERN VIRGINIA experienced weak annual appreciation of 4.9%.
Inflation is 8.5%. Consumer Price Index (CPI)
Producer Price Index is 9.8% (PPI)
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comarchive goes back several years.
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SUMMER edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click hereto download pdf 24-page booklet. Download is safe.
SUMMER edition. See below. 23-page FREE booklet on important things to consider when SELLING a house.Click hereto download pdf 20-page booklet. Download is safe.
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES® is Veteran Owned and Operated.
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