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The Northern Virginia Housing Market Just Flipped!

Chris Colgan
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The Northern Virginia Housing Market Just Flipped!

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Ai Summary

The Northern Virginia and DC real estate market is showing signs of a shift, but remains strong in many areas. Bright MLS data for September reveals rising inventory (up 18%) and pending sales (up 15%), with median home prices up 9% year-over-year across the DC region. Detached single-family homes and townhomes are performing well, though condos show slowing demand and growing inventory. Certain counties like Fairfax, Arlington, and Alexandria remain hot with rising prices and fast sales, while outlying areas like Culpeper and Stafford show slower markets and growing supply. Overall, higher interest rates, new construction, and buyer life changes (like divorce, job moves, or family growth) are shaping the market.

Video Length
13:45
The Hook
Is the real estate market in Northern Virginia and the DC area finally starting to shift a little? Are we still in a huge bull market here in Northern Virginia? Well, Bright MLS just dropped their latest stats on the housing market here, in Northern Virginia, for the month of September.
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Power Words
Inventory
Shift
Hot
Pending
Supply