AveryHess, Realtors® Blog

Centreville, VA Market Report 1/31/11

Gotta love those economists! A couple of months ago they were all on TV talking about the dreaded “Double Dip” for real estate. Now the local DC area economists are starting to talk about the impending housing shortage and what it is already doing to house prices. So what is the lesson here? Don’t listen to the experts. When you are ready to own your own place, or go buy a bigger one, Like Nike says, “Just Do It!”

Centreville, VA Market Report 8/20/10

For close to a year, I have been saying that prices in Centreville were continuing to move up after prices bottomed out in December 2008. The increase in confidence paired with amazingly low interest rates fueled a growing trade up market where existing homeowners with equity started selling their house to buy a bigger one. This has helped pull up the average sales price.Even with only a four and a half month supply of houses, I expect the second half of this year to have fewer transactions than the first half because the First Time Homebuyer Tax Credit distorted the market.

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