Fairfax County, Virginia -June Real Estate Market Report
With the extension of the tax credit news it brought a relief to lot of
home buyers who had ratified contracts prior to April 30th and could not
close before June 30th. Now they have till Sept. 30th to close on your
June turns out what we all call a typical summer market in
Virginia real estate market
. Numbers indicate continuation of low
inventory and balance market. Dip in the interest rate did bring few
more buyers back into the market place. Overall trend in summer is slow
which means low inventory, less to choose for the buyers but at the same
time less numbers of buyers in the market place for a seller.
Virginia’s unemployment rate was the 11th lowest in the country and the
lowest in the Mid-Atlantic. Northern Virginia
(Washington-Arlington-Alexandria) unemployment remains at low of 5.3%.
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