Is it true that the market is recovering? Well, based on reports that the Total Sold Dollar Volume is down from a year ago, and statistics showing that Northern Virginia has an incredibly low number of one month’s worth of inventory, all numbers support what we have been hearing in the news. The market is soon to be completely recovered, and this is a great news for Sellers!
Days of homes on market are down by almost 50%, sales price is up 5%, and active listings are down 35%. Not only that, but in Vienna, we’re seeing cash and conventional financing dominating the market as opposed to FHA financing, meaning that the average Vienna buyer is very well qualified. The market is doing