Posted by Jonathan J. Miller -Monday, December 18, 2006, 8:24 AM
[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washing DC area, I was barraged by "Virginia is for Lovers" tourism ads, and of course "DC is for US, by George")] -Jonathan Miller
Here’s a sample of the charts available online.
The median price paid at the end of November, 2006 was $438,618, a decrease of 4.6% from the same time period 12 months earlier.
At the end of November, 2006, inventory was 7.4 months, an increase of 85% from one year earlier.