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WBJ: Home Buyers Getting Back Into NoVa Market

  • July 13th 2009

by Mark Wellborn

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WBJ: Home Buyers Getting Back Into NoVa Market: Figure 1

Home buyers in Northern Virginia look to be taking advantage of the $8,000 tax credit. The Washington Business Journal reports that home prices are increasing and properties are selling faster in the area over just a year ago.

The Journal reported late last week that the Northern Virginia Association of Realtors said that second-quarter sales prices (average) have climbed from $405,514 in April to $451,345 in June. It also notes that homes are being snatched up quicker than a year ago.

From the WBJ:

The group’s report shows area homes selling faster than last year, with the average days on the market dropping almost 15 percent from June 2008…the report showed that a total of 2,169 homes sold in June; those units spent an average of 71 days on the market.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/wbj_home_buyers_getting_back_into_nova_market/1124.

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