The Northern Virginia housing market received even more praise earlier this month from the Northern Virginia Association of Realtors (NVAR), reports the Falls Church News-Press.
The NVAR is feeling optimistic for the Northern Virginia housing market this year, after sales data from February revealed strong momentum. According to Mary Bayat, local real estate professional and the 2015 NVAR chair of the board, active listings have risen over 25%, with average sales prices and median prices rising 4% and 6% respectively, when compared to February of last year. NVAR also noted that despite the challenging winter, the region’s housing market thrived with help of lower interest rates and a strong employment growth.
“The increased inventory and relatively stable prices, as well as low interest rates compared to those just last year, create a good opportunity to buy or sell properties in Northern Virginia,” Bayat continued. The latest data comes shortly after the Washington Post reported positive sales figures for the month of January, kicking off 2015 in a big way. One thing is for sure: homebuyers in Northern Virginia have so much to be excited about this spring as well as throughout the rest of this year!
For interested homebuyers in the Northern Virginia region, why not begin your next chapter with Van Metre Homes?
Our outstanding new home communities Arcadia Tanglewood and Arcadia at Willowsford, in Aldie and Ashburn, provide homeowners and their families with idyllic neighborhoods in Northern Virginia. The diverse portfolio of home models available in each community offer the best of new home design, with spacious and intuitive floor plans, upgraded appliances, and luxury features and finishes – all extras that aren’t typically included with other home builders. The neighborhoods themselves also provide families with quiet streets, an abundance of greenery, shared community spaces and so much more.
If you’d like to take advantage of the thriving Northern Virginia housing market, look no further than Van Metre Homes! Read more about why Arcadia Tanglewood or Arcadia at Willowsford could be right for you and your family.