[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks [1], a former president of RAC (Relocation Appraisers and Consultants) [2] (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 [3], each with a brief summary. (As a kid growing up in the Washington DC area, I was bombarded by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller
View the charts [BHicks.com] [3]
Here’s a sample of the charts available online.
- The median price paid at the end of December 2006 was $433,939, a decrease of 6.6% from the same time period 12 months earlier.
- At the end of December 2006, inventory was 5.3 months, an increase of 78% from one year earlier.