Regional Market Update: The DC regional housing market continues to see strong sales activity with year over year increases in activity for the past 12 months. November sales volume across the region was slightly below $1.7 Billion, up 14.3% compared to last year. If you had any doubt that our market has recovered from the recession, check out the below chart.
NOVA Market Update: Northern VA home prices remain stable. Year to date median prices in most jurisdictions are up. The only one lagging behind is Falls Church City (down 3.8% YoY). Fairfax County median sales price year to date was $475,000 for November.
Rate Update: On 12/16/15 the Fed announced a rate hike for the first time in nearly a decade. I will be posting about this soon.
