Northern VA Real Estate Market News | The Market is Heating Up!
Enter The $200 “Thank You” Giveaway
December 23, 2014
Town Hall Meeting on Prince William County’s Proposed FY2016 Budget Spending and Cuts
February 25, 2015
It may be easier to find your new house with lower mortgage rates
If you’ve been thinking about getting into the Northern VA real estate market, as a seller or a buyer, now is a great time. In Freddie Mac’s weekly rate report Thursday, they announced longterm U.S. mortgage rates slid for the third straight week. Now homebuyers have access to a 30-year fix rate at its lowest level since May 2013.
A 30-year fix averaged just 3.66 percent this week, down from 3.73 percent last week, according to Freddie Mac’s weekly rate report. The record low for a 30-year fix was 3.31 percent, set in late 2012.
Buyers, we could see the 3.3x percent range again, but why take that chance? Let’s set up a time to discuss financing options and find your new Northern VA home. Sellers, let’s talk today about your home’s market value, pinpoint a pricing strategy and set a staging plan for a successful home sale! Use the contact form to the right to reach me, click here or email me at [email protected]
Northern VA Real Estate Market News | More Proof the Northern VA Market is Heating Up!
NOVA Dec ’14 Closed Sales
Northern Virginia market stats for December are out and they confirm what Deliea Roebuck of SweethomeVA Real Estate has noticed anecdotally – an increase in real estate traffic. Click here to see Deliea’s homes for sale or Click here to access ALL Northern VA Homes For Sale.
Here’s some statistical proof that the market really is heating up, thanks to the folks at RealEstate Business Intelligence:
- There were 2,736 ‘closed sales’ for all home types in December 2014. This represents a huge 34.6% leap over the previous month (2,033)
- In fact, real estate agents and sellers in Northern Va worked together to beat both December 2013’s closed sales for all home types by 7.8% (2,538) and the region’s 5-year December average (2,443 closed sales)
- December’s median sold price for all home types ($427,250) is up 3% over the previous month and 4% up from December 2013
- The median sold price for detached properties (single families) for December was $540,000. A 3.5% jump over November 2014 and an increase of 2.9% from Dec 2013.
- Click here to access the entire Dec 2014 Northern VA Market Insight Report:
Now really is the time to buy or sell in the Northern Va market. I’d love to help you!
Links from this article:
Contact Deliea
Search Deliea’s Listings here
Search All Northern VA Homes For Sale
Read RBI’s complete Dec 2014 Northern VA Market Insight Report
