According to the Sun Gazette Northern Virginia's residential real estate market in June had a billion-dollar sales month.
A total of $1.07 billion worth of real estate transactions closed in June, according to Metropolitan Regional Information Systems Inc. That was a 9.3% increase over the $978.99 million logged last year, and is the highest one-month total in three years.
You can read the rest of the article on the Sun Gazette site.
Much of the closed sales volume in June 2010 most likely can be attributed to the push to close sales prior to the tax credit deadline which was June 30, 2010. Even though the deadline for closing deals was pushed to September 30, 2010 it still had a huge impact on our local sales volume.
It will be interesting to continue to watch the comparison numbers as we head into late summer and fall.
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