November home sales in Northern Virginia rose 12.5% from last month. Limited housing inventory continues to challenge the market, resulting in higher demand and increased home prices. Recent spikes in mortgage rates may stabilize soon – we are hopeful for more ownership opportunities in the new year!

For more insights, visit the full NVAR report at www.nvar.com.

We have the experience and local market knowledge to help you navigate the current market whether you are buying or selling. Contact me (text, call, email) anytime for a consultation at mkjhomes@kw.com | 703.282.2840 | www.mkjhomes.com