Northern Virginia Markets See Spike in Home Sale Prices
Northern Virginia Markets See Spike in Home Sale Prices
The DC metro real estate market surged in April with pending home sales up 9.3% year-over-year and new listings rising 7.1%. Active listings increased 5.3%, and homes sold quickly with a median of eight days on the market. Median sale prices rose slightly overall to $661,000, with Arlington seeing a 14.7% increase to $928,000. Fairfax County prices also grew, while some areas showed mixed median and average price changes.