Real Estate and Economic Market Watch in Northern Virginia for May 2013
You may have noticed that the real estate market has been doing well here in Northern Virginia. Statistics vary from county to county but overall there is a positive trend. This video highlights both the national and local economies as well as the state of the Northern Virginia real estate market for the month of May 2013.
Northern Virginia in this complilation includes the counties of Alexandria City, Arlington, Fairfax City, Fairfax, Fall Church City, Fauquier, Loudoun, Manassas City, Manassas Park and Prince William.
Some highlights for May 2013 include:
- The National Unemployment Rate is 7.6 percent, while Northern Virginia comes in with 3.8 percent unemployment rate.
- Median Home Sales Price is $425,000 which is up 6.3% from June of 2012.
- Median Days on Market is just 8 days.
If you're considering buying or selling a home in Northern Virginia, it would be helpful to watch this short video to get an overview snapshot of today's market which will help you understand the current trends based on factual data.
Bryan Garcia specializes in helping folks buy and sell real estate in Northern Virginia. His area of expertise is Prince William County — Haymarket, Gainesville, Bristow, Manassas, Warrenton and surrounding communities.
Call Bryan today (703) 753-9100, ext. 103 or email BryanGarcia@exitheritage.com anytime.
Get connected with Bryan to get connected with the Real Estate Market.