Northern Virginia Real Estate Market Update

Regional Market Update: The DC regional housing market continues to see strong sales activity. The median prices for all types of homes in most sectors of the region continue along a slow and steady rise.

NOVA Market Update: Northern VA home prices remain stable. Arlington and Fairfax City saw the biggest gains at 10.6% and 13.0 % median price increases from this time last year. Fairfax County saw an increase as well 3.6%. Fairfax County median sales price year to date is $479,945.

Rate Update: After a small increase this summer interest rates are holding steady for the time being. Sean Becketti, chief economist for Freddie Mac is on record that we may still be looking at a potential rate hike in September.