Home Prices in Stafford Va for March 2014
Real estate market data for Stafford, VA provided by Barbara Jennings of Keller Williams Real Estate Company.
Stafford Home Prices
We have seen a strong year of listing price increases on home prices in Stafford and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Stafford but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Stafford home on which you are making an offer.
If you are interested in how much current inventory is on the market in Stafford you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Stafford, homes have a average time of 51 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Stafford has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Stafford Real Estate Report Summary
The number of active listings in Stafford (22556) increased by 17%from the previous month.
The median number of days active properties have been listed is 51. This is significantly shorter than the national average.
The number of sales in January dropped by 66.7% from the previous month.
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