Northern Virginia’s real estate market saw a boost in July 2024, with home sales rising by 13.5% compared to last year – driven by a 30% increase in inventory. While the median sold price reached $735,000, a 6.4% increase from July 2023, it slightly decreased from June 2024. Homes remained on the market a bit longer, reflecting the growing supply. This surge in both inventory and sales is a positive sign. The post-pandemic market is gradually stabilizing, which means that buyers may have more options.
If you’re thinking about selling or buying in the NoVA area, or simply exploring the market, our team is ready to assist you every step of the way. Don’t hesitate to contact me at 703.282.2840 or mkjhomes@kw.com.
