Home sales rose 5.4 percent in December compared to a year ago, buoyed by a 28 percent year-over-year increase in both Arlington and Alexandria. “The buzz HQ2 has created will definitely impact our market for years," one realtor says.
WASHINGTON — The Northern Virginia Association of Realtors said its realtor members sold 22,140 homes in 2018, nearly matching the 22,555 home sold in 2017, which was the highest number of sales since 2005.
Total sales volume last year in Northern Virginia was $13.1 billion, just above total sales volume in 2017.
The Northern Virginia Association of Realtors footprint covers sales activity in Fairfax and Arlington Counties, the cities of Alexandria, Fairfax and Falls Church, and the towns of Vienna, Herndon and Clifton.
Speaking to a group of regional real estate leaders on Jan. 10, National Association of Realtors chief economist Lawrence Yun touted Northern Virginia’s status as a tech hub to reinforce his long-term solid growth forecast for the area’s housing.