Real Estate

Home Sales Off in Northern Virginia

Fewer homes sold, more on the market in the region last month. Check how your community did.

There wasn't much moving in the housing market in Northern Virginia last month, according to a report by Washington Business Journal's Jeff Clabaugh.

With figures from Long & Foster Real Estate, Clabaugh notes that the five Northern Virginia counties saw double-digit declines in year-over-year sales in the month of May.

Long and Foster's Market Minute reports can break down how the market did in your community last month.

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Sale prices also saw little movement or declines and inventory is way up in some parts of the region, including a 31 percent increase in Loudoun County, according to Clabaugh.

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Read more of the Washington Business Journal report.

See more housing news by clicking "Real Estate" in the bar at the top of your Patch page, and visit "Blogs," where local Realtors and property managers often share their experiences in the market.


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