Low Inventory Continues in the Northern Virginia Real Estate Market | Monthly Market Stats for January 2024

The January 2024 Bright MLS monthly data for the Northern Virginia & Washington Metro real estate market is provided below for the following areas:

• Alexandria City.

• Arlington County.

• Fairfax County.

• Loudon County.

• Montgomery County.

• Prince Georges County.

• Washington DC.

The low inventory situation across the Washington Metro area creates challenges for buyers. This situation also creates an opportunity right now for homeowners who might be thinking of selling in 2024.

What does this market data mean to you as a buyer looking for a specific type of property in a specific area and in a specific price range?

If you are thinking of selling, what does this data mean regarding what you can sell your house and time on market to get a desired sale price?

Do not guess what news headlines might mean for your situation. Market stats and generalized info are meaningless without a real estate professional to properly guide you.

Contact an agent at KW United Alexandria-Kingstowne to get advice and analysis tailored to your specific situation.