N.Va. homes market shows upward climb from 1975-2022
The local real estate market continued its rebound, with average prices in the inner suburbs of Northern Virginia setting a record at $540,043 and the number of sales surpassing the 20,000 mark for the first time since 2006. In the local real-estate market, the 22,140 sales for the year represented a decline of 1.8 percent from a year before, but the average sales price hit a record $590,582, up 1.9 percent from a year before. Meanwhile, President Biden was having additional problems – inflation, a botched extrication of civilians and military personnel from Afghanistan, waves of people coming over the southern border largely unimpeded, divisive mandate edicts, increasingly aggressive attitudes from leaders of China and Russia – that sent his approval ratings slumping and may have been the reason that Republicans staged a comeback in Virginia, winning the governorship for the first time in eight years, taking the two other statewide offices and regaining control of the House of Delegates.
