The first quarter of 2019 results show moderate increase in home sales price, compared to last year, in Northern Virginia & Washington DC.
Overall, homes sold faster, for more money and availability has slightly improved. Overall, the housing market for the Greater DC market should continue to remain healthy due to consumer confidence, low unemployment and migration of high tech companies into our area. Sellers should continue to enjoy steady price appreciation and buyers can rely on continued low interest rates and growing inventory levels.
Want to find out what the market impact is on buying or selling your home or investing in a rental property? Contact me at marybeth@magnificentmanors.com or 703-798-1803.
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