Market Trend For Northern Virginia
Each month the MLS system reviews market activity by compiling the number of active and sold properties by zip code from the previous month. This information then provides a "snapshot" of what is happening for sales in relation to average sold values, average days to sell a home and a list price to sale price differential for the Metro area.
By monitioring the market activity, we can determine if home prices are declining in value or appreciating in value. In other words, is it a buyer's market or a seller's market? Banks & investors follow this information closely. It is equivalent to watching the stock market, interest rates and unemployment numbers to predict a market trend. Visit the site often to become familiar with your area. If you would like a more detailed home analysis, please call for a "person to person" appointment. This is a FREE service with never any obligation.
Check out the Newest Market Watch video for Northern Virginia market trend......