Buy Alexandria Real Estate: The Story Continues to be the Lack of Housing Inventory in Northern Virginia: The Time to Sell is Now!

Alexandria Virginia Real Estate Blog

The Story Continues to be the Lack of Housing Inventory in Northern Virginia: The Time to Sell is Now!

Call to Buy or Sell a HouseForget what you hear or you've been told about the real estate market.  The facts in Northern Virginia are this:

1.  Homes are selling

2.  There's not that many homes available for sale

3.  Buyers want to live in Northern Virginia

Combine these 3 factors and you'll see that the time is ripe to sell your Northern Virginia home.

I reported on the low inventory of homes in Northern Virginia back in March of this year: LOW INVENTORY ALERT: It's Time to Sell Your Home in Northern Virginia!

The numbers in terms of the low supply of homes available for sale are even more extreme today.

Take a look at some of these statistics for the various cities and counties in Northern Virginia and see for yourself that statements number one and two above without a doubt as true as the day is long.

City of Alexandria:

  • 507 homes on the market
  • 1054 sales in last 6 months or 176 Alexandria home sales/month
  • Currently ONLY 2.9 Months of housing inventory in Alexandria, VA

Arlington County:

  • 683 homes on the market
  • 1,325 sales in last 6 months or 221 Arlington home sales/month
  • Currently ONLY 3.1 Months of housing inventory in Arlington, VA

Fairfax County:

  • 3,429 homes on the market
  • 7,104 sales in last 6 months or 1184 Fairfax County home sales/month
  • Currently ONLY 2.9 Months of housing inventory in Fairfax County, VA

Falls Church City:

  • 37 homes on the market
  • 124 sales in last 6 months or 21 Falls Church home sales/month
  • Currently ONLY 1.8 Months of housing inventory in Falls Church, VA

Loudoun County:

  • 1,650 homes on the market
  • 2,662 sales in last 6 months or 444 Loudoun County home sales/month
  • Currently ONLY 3.72 Months of housing inventory in Loudoun County, VA

Prince William County:

  • 1,461 homes on the market
  • 3,070 sales in last 6 months or 512 Prince William County home sales/month
  • Currently ONLY 2.9 Months of housing inventory in Prince William County, VA

My advice remains the same.

Four steps to take now:

  1. Stop what you are doing right now. Seriously. Stop!
  2. Stop "thinking" about selling your house.
  3. Tidy up the house.
  4. Call me to help sell your home. (Call today at 703-626-0715)

 

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If you plan to purchase or sell a home in the Northern Virginia or D.C. area,
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START YOUR NORTHERN VIRGINIA HOME SEARCH TODAY!

Comment balloon 1 commentBrian Block • October 18 2011 05:29PM

Comments

Looks like that Prince William area is booming!  And gee, I bet those folks are proud.  YOU must be proud just to have reported it!

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) over 6 years ago

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