Despite that increase, inventory remains low making now a great time to sell in most Northern VA jurisdictions. If you'd like a detailed analysis of what your home would sell for in today's market, please email nicoleduffey@kw.com with your street address.
NOVA Market Update: The data for Northern VA home prices varies rather significantly from location to location. Median sales price year to date in most Northern VA locations were flat or turned slightly down in March. Fairfax County is holding steady with a median sales price year to date at $460,000 (down 0.2% from this time last year).
Rate Update: Mortgage lending rates have gone down slightly over the past month to their lowest point in almost three years. The current average rate for a 30 year fixed mortgage is 3.67%
