Summer is here and the inside temperature of your car isn’t the only thing RED HOT! This seasons Real Estate market has been on fire in the Fairfax and Loudoun areas with inventories and interest rates at historic lows. Areas like Reston, Ashburn, Brambleton and parts of Leesburg are even seeing double-digit percentage increases in price over the last few years. In some spots (particularly for those very desirable single family homes in nicer neighborhoods) we are at or close to 2007 prices.
Here are some charts and graphs (because I know how much my reads love charts and graphs) showing both Fairfax and Loudoun prices and inventory going back to 2007.
Median Sale Price for Fairfax and Loudoun from 2007 to present
Number of Homes Sold( yep we are selling just as many homes now as we were in 2007!)
Lastest market wrap up for the Northern Virgina Real Estate market.
So, are you ready to buy or sell your next home? Want a free home valuation report on your home emailed directly to you?
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