The November 2024 Bright MLS monthly data for the Northern Virginia & Washington Metro real estate market is provided below for the following areas:
Alexandria City.
Arlington County.
Fairfax County.
Loudon County.
Montgomery County.
Prince Georges County.
Washington DC.
Bright MLS's "Market Outlook" in the Bright MLS Washington Metro area Monthly Market Report for November 2024, states as follows:
"The final push should result in slightly higher sales, increasing prices, and growth in inventory for the Washington, D.C. metro in 2024. More activity is anticipated for 2025 as mortgage rates ease. However, those watching affordability will still face challenges in the new year and it may be that less price sensitive buyers are the most participatory next year."
Who You Work with Matters.
The current inventory situation poses challenges and opportunities for both buyers and sellers to consider. The quality, credibility, and experience of your agent will have a decisive impact upon your home selling or buying outcome.
What does monthly market data mean if you are considering either the purchase or sale of a house in the Northern Virginia real estate market?
Don't guess. Data is meaningless without a professional to interpret what it means - and just as important, what it does not mean - in your particular buying or selling circumstance.
See more market news, insight, & analysis on my "How's the Market?" Blog at bellacasapartners.com/marketnews.
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