Early 2025 Northern Virginia Real Estate Market Preview | Low House Inventory to Start. Do Increased Showings & Contracts in Fall 2024 Continue into 2025?

Who You Work with Matters.

An early look at the Northern Virginia real estate market, especially what level of Buying activity might occur in January & February.

What does market data mean if you are considering the purchase or sale of a house? Don't guess.

Data is meaningless without a Top-Tier Agent to interpret what it means - and just as important, what it does not mean - in your particular buying or selling circumstance.

Using Fairfax County as a barometer for the Northern Virginia real estate market, the monthly Showings & Contracts data indicate the following:

• Showings in January & February are equal to or higher than in July through the end of Year, so the ‘Spring Buying Season’ starts early each Year.

• Showings in October & November 2024 were significantly higher than 2023, with Showings exceeding 2022 levels for the first time in two years.

• Contracts in September, October, November, & December 2024 were significantly higher than 2023, with Contracts exceeding 2022 levels for the first time in two years.

  
  

• The Bi-Weekly Under Contract totals are similar from mid-January through the end of February, with a 30-40% increase in March.

The quality, credibility, and experience of the agent you work with will have a decisive effect on your house buying or selling result. Contact me to discuss how I can help you with your real estate needs.