Home | Newsletter | Advertise
loading...

A July Pop: Home Prices in National Landing Shoot Up 28%

  • August 13th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

It is not often that home prices shoot up in the middle of the summer, but with Amazon's impending arrival, nothing is "normal" in the Northern Virginia housing market. 

The latest report from Bright MLS reveals that both sales and listing prices skyrocketed in July in the zip code that will be home to National Landing. Median home list and sales prices both shot up to just under $1 million in 22202, an increase of 28 percent and 25 percent, respectively. 

The dramatic increase in prices is having a deleterious effect on sales. Home sales are down 31 percent in the zip code compared to last July and are down 37 percent for the year. Like the rest of the region, this could have as much to do with low inventory as it does with rising prices. As the chart above reveals, the supply of homes for sale has been below one month since October 2018. 

This article originally published at https://dc.urbanturf.com/articles/blog/a-july-pop-home-prices-in-national-landing-shoot-up-28/15753.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse