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What's Up Wednesday- August 5, 2020

Posted by Leanna Conoscenti on Wednesday, August 5, 2020 at 7:00 AM By Leanna Conoscenti / August 5, 2020 Comment

What's Up Wednesday - 8/05/2020- What happened in the Northern Virginia real estate market in July? 

Today we are taking a look at the market numbers for July and comparing them to June. 

In Loudoun County in July, 835 homes sold which was up 13% from June. The median days on market was six, down 14% from June. The median sales price was $565,500,  which was up 7% from June. 

In Fairfax County in July, 1,781 homes sold which was up 13% from June. The medium days on market was six, which was the same as in June. The median sales price was $619,900, which was up 5% from June. 

Needless to say, the number of both home sales and prices were on the rise in July! If you have any questions about how this affects your home plans for the year, please reach out for a complimentary consultation with one of our expert Residential Specialists. 

Curious how the increase in sales affect your real estate plans?

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Data as of 8/2/2020- information is deemed reliable, but not guaranteed.

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