Health & Fitness
Reason for Optimism in August Housing Stats
No substantial changes to August's statistics, but cumulative data since January 2000 is very interesting.
There are really no substantial changes in August's housing statistics for Northern Virginia (see the accompanying bar charts for August), but the first two line graphs are very interesting to me. I graphed Active Listings versus Homes Sold since January, 2000 as well as the Median Sales Price of homes sold each month since January, 2000.
Two things stand out to me:
- We will be able to know we are heading towards a more healthy/normal housing market by watching to see when these two lines get closer together.
- Even though we lost a lot of value—with the lowest values occurring in the beginning of 2009—we have gained much of that lost value back.
To see all of the Northern Virginia real estate statistics, visit RBI (Real estate Business Intelligence). Our local market continues to hold its value despite the national economy, and that is reason to be... and stay... encouraged!
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I blog about real estate and life in Northern Virginia at MargieMac.com.
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