WBJ: Home Buyers Getting Back Into NoVa Market
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.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro