Forget what you hear or you've been told about the real estate market. The facts in Northern Virginia are this:
1. Homes are selling
2. There's not that many homes available for sale
3. Buyers want to live in Northern Virginia
Combine these 3 factors and you'll see that the time is ripe to sell your Northern Virginia home.
I reported on the low inventory of homes in Northern Virginia back in March of this year: LOW INVENTORY ALERT: It's Time to Sell Your Home in Northern Virginia!
The numbers in terms of the low supply of homes available for sale are even more extreme today.
Take a look at some of these statistics for the various cities and counties in Northern Virginia and see for yourself that statements number one and two above without a doubt as true as the day is long.
City of Alexandria:
- 507 homes on the market
- 1054 sales in last 6 months or 176 Alexandria home sales/month
- Currently ONLY 2.9 Months of housing inventory in Alexandria, VA
Arlington County:
- 683 homes on the market
- 1,325 sales in last 6 months or 221 Arlington home sales/month
- Currently ONLY 3.1 Months of housing inventory in Arlington, VA
Fairfax County:
- 3,429 homes on the market
- 7,104 sales in last 6 months or 1184 Fairfax County home sales/month
- Currently ONLY 2.9 Months of housing inventory in Fairfax County, VA
Falls Church City:
- 37 homes on the market
- 124 sales in last 6 months or 21 Falls Church home sales/month
- Currently ONLY 1.8 Months of housing inventory in Falls Church, VA
Loudoun County:
- 1,650 homes on the market
- 2,662 sales in last 6 months or 444 Loudoun County home sales/month
- Currently ONLY 3.72 Months of housing inventory in Loudoun County, VA
Prince William County:
- 1,461 homes on the market
- 3,070 sales in last 6 months or 512 Prince William County home sales/month
- Currently ONLY 2.9 Months of housing inventory in Prince William County, VA
My advice remains the same.
Four steps to take now:
- Stop what you are doing right now. Seriously. Stop!
- Stop "thinking" about selling your house.
- Tidy up the house.
- Call me to help sell your home. (Call today at 703-626-0715)
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