Home | Newsletter | Advertise
loading...

WBJ: Home Buyers Getting Back Into NoVa Market

  • July 13th 2009

by Mark Wellborn

✉️ Want to forward this article? Click here.

WBJ: Home Buyers Getting Back Into NoVa Market: Figure 1

Home buyers in Northern Virginia look to be taking advantage of the $8,000 tax credit. The Washington Business Journal reports that home prices are increasing and properties are selling faster in the area over just a year ago.

The Journal reported late last week that the Northern Virginia Association of Realtors said that second-quarter sales prices (average) have climbed from $405,514 in April to $451,345 in June. It also notes that homes are being snatched up quicker than a year ago.

From the WBJ:

The group’s report shows area homes selling faster than last year, with the average days on the market dropping almost 15 percent from June 2008…the report showed that a total of 2,169 homes sold in June; those units spent an average of 71 days on the market.

This article originally published at https://dc.urbanturf.com/articles/blog/wbj_home_buyers_getting_back_into_nova_market/1124.

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