NORTHERN VA housing stats

HOUSING INVENTORY STATISTICS for
NORTHERN VIRGINIA
(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 market now 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%
  • MARYLAND housing market still strong!
  • +8.7% appreciation versus previous month's 9.9% appreciation.

  • 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
Veteran Owned and Operated. 
Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
In yesterday's Wall Street Journal (WSJ). An 8 page report on the struggles three families had buying their homes in Arlington, Virginia.

Interesting article about the Northern Virginia home market of today.

See below. So true!
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.com archive goes back several years.






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Regards,
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES® is Veteran Owned and Operated.
Voted Top 8% of all Real Estate Agents in USA (2022 - 2018)
Cell: (703) 327-6800
Website: www.SoldBySeven.com,