The October 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.
Per the Bright MLS Washington Metro area Monthly Market Report for October:
"Volatility in mortgage rates through the end of the year could cause some prospective buyers and sellers in the Washington D.C. region to pause, waiting for more stability in 2025. October pending sales activity was higher than a year ago but was lower than September. Affordability is a growing challenge as home prices continue to rise, keeping some buyers, particularly first-time buyers, on the sidelines.
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.
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