The Newest Market Stats are out from RBI ( Real Estate Business Intelligence) an MRIS company. Today I am featuring the Northern Virginia report. This report includes Prince William, Manassas and Massassa Park Virginia.
I love this months review, that's because the news is pretty much all good in the real estate world. The commentator brings up a good point. If the weather man reports on the morning news it is raining in Florida, do you automatically grab your umbrella when you head out the door to head to work here in Prince William County Virginia?
Of course not!
"So don't just consider what you hear about the real estate market, all the doom and gloom relates to your area. It may not.Real Estate is local. It always has been and always will be."
Watch this video to learn " What happening with our local Prince William County Real Estate Market." Here are the highlights.
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Inventory is down 22.6% since last year overall in the Northern Virginia Market!
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We are nearing and under six month supply in many price points! ( I've personally experienced mutilple bid situations lately when working with buyers)
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Home values have increased for two years in a row!
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Interest Rates are historically low...around four percent!
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The market continues to teeter on a balanced market. ( this is great for both buyers and sellers)
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We are experiencing appraisals coming in at or above list prices.
Now is the time to list your home if you are thinking of selling. Take advantage of the low inventory and sell your home fast.
Other related posts you may like:
Find out what's for sale today in Woodbridge Virginia Click here
Have an iPhone or iPad...you are going to love the FREE APP. Use it while you are driving neighborhoods you like! It's an awesome tool!
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Just ask me peggy@erickandcompany.com
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Contact Peggy James or Erick Blackwelder of Erick and Company of Exit Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085(Peggy) 703-590-2252 (Office).Give us a call and we can "GET YOUR HOME SOLD FAST"to list your property for sale we service Woodbridge, Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas,Gainesville, Garrisonville and Triangle area's.Basically all of Prince William County Virginia. Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City.
Great way to put it Peggy. I appreciate your making me think of it a different way!