MONTHLY MARKET UPDATE
The month of February looked very similar to January with low inventory and sellers getting asking price or quite close. Pending sales (those properties that have contracts not closed yet) are down 7.9% and closed sales up 1.7 % while new listings were down 8.5 %.
The median sold price is up 2.9% which is $492,500.
In a nutshell - if you want to sell your home, strike while the market is hot! Properties in certain areas are getting multiple offers for the second month in a row.
If you would like market stats for Arlington or Loudoun Counties, just ask! I’d be happy to email them to you.
It is imperative to make sure you have a great realtor to buy or sell a home. When selling, it is a must to take the advice of a realtor to help you put your best foot forward to get your home on the market looking its best to attract more buyers.
It is also important to choose a realtor to help you find your home. Market knowledge is not enough - you need a trusted realtor by your side helping through the buying process and negotiating the deal.