2023-07 - Real Estate of NVA - Quarterly Market Analysis
Let's dive into the July 2023 Mid-Year Real Estate of NVA Market Analysis Report – a real rollercoaster! Picture this: the market's sizzling like a summer barbecue for sellers, but it's got historically low inventory, creating a real estate riddle. The headline news, bless its heart, points fingers at high interest rates, claiming they're playing spoilsport with sales. But the truth is, it's not all about the interest rates, folks. There are simply 25% fewer homes on the market this year compared to the last, creating a real estate version of "Where's Waldo." Interest rates do have a say in the game, but with inventory doing its best disappearing act, competition's dropped and property conditions are under the spotlight like never before. Now, for all you market-watching
Let's dive into the July 2023 Mid-Year Real Estate of NVA Market Analysis Report – a real rollercoaster! Picture this: the market's sizzling like a summer barbecue for sellers, but it's got historically low inventory, creating a real estate riddle.
The headline news, bless its heart, points fingers at high interest rates, claiming they're playing spoilsport with sales. But the truth is, it's not all about the interest rates, folks. There are simply 25% fewer homes on the market this year compared to the last, creating a real estate version of "Where's Waldo." Interest rates do have a say in the game, but with inventory doing its best disappearing act, competition's dropped and property conditions are under the spotlight like never before.
Now, for all you market-watching
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|| FAIRFAX CITY OVERVIEW<br />
SALES & PRICE<br />
25<br />
Homes<br />
Sold<br />
1.46%<br />
YoY YTD<br />
Appreciation<br />
$780,296<br />
Average Sales<br />
Price<br />
MARKETABILITY & NEGOTIABILITY<br />
99.84%<br />
Sale to Orig<br />
List Price Ratio<br />
24<br />
Avg Days<br />
on <strong>Market</strong><br />
$8,000<br />
Average<br />
Concession<br />
16.00%<br />
% <strong>of</strong> Sales with<br />
Concession<br />
<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> <strong>NVA</strong> <strong>Market</strong> <strong>Analysis</strong><br />
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REAL<br />
ESTATE<br />
<strong>of</strong> <strong>NVA</strong><br />
<strong>Real</strong> Broker, LLC
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