Summer is coming to an end and the real estate market in Northern Virginia ended up being surprisingly robust in spite of the economic uncertainty. While sales slowed significantly in the spring the summer has been very good for most sellers.
The overall listing volume for the year is still down – the number of listings were about average in June and above average in July and August.
The number of sales likewise went up significantly year-over-year for July and August 2020.
The market is very local – in many communities homes are selling as soon as they are listed. In others there is a slower or sales pace. Send us a message if you are wondering how things are selling in your community.
To put the numbers in a regional perspective, NVAR put out year-over-year statistics for August 2020 for the region.
Every situation is different – if you need to sell or buy in the age of COVID send us a note or give us a call. We will be more than happy to give you our thoughts.
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