The housing market continues its gradual recovery without the aid of the tax credit. Sales are slower but growing. Although it will likely be uneven at times, slow growth is believed to be the trend moving forward. Interest rates hit a new historic low again, a major factor in helping keep mortgage payments incredibly affordable. Extended periods of record low interest rates and further plans from the Federal Reserve Board to expedite recovery have some concerned about future inflation. 

The Northern Virginia including but not limited to cities as Ashburn, Sterling, Leesburg, Fairfax and Reston continue to show great recovery signs: Days on market a 30% drop from last year, median sales price increase of 7.2% over last year. See below link to Loudoun County Stats

http://www.rbintel.com/sites/default/files/Loudoun%20County_22.pdf

If you need addtional information contact Arturo Cruz, Realtor with Keller Williams Realty @ 571-295-8495