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Americans pressed pause on many milestones in 2020, but in 2021 they reignited plans to buy and sell homes. The real estate market is strong according to the National Association of REALTORS® and homeownership is top of mind for Americans.
Differing from the nation’s overall housing market, home sales in Northern Virginia were down slightly in October from September; however, prices continued to grow while inventory shrank from October 2020, mirroring the national market, according to the Northern Virginia Association of REALTORS® (NVAR). Locally and nationally, homes sales decreased from the frenzy of October 2020.