top of page
Search
Writer's pictureScott Ford
Apr 13

The 'Spring Market' Brings No Relief to Low Inventory in the Northern Virginia Real Estate Market | Monthly Market Stats for March 2024

The March 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.


By any measure, the month of March is in the heart of the 'Spring Market' in our area. However, the Northern Virginia market continued to have low housing inventory this March. A slight "increase" in inventory over the February level that is still at or below one (1) month supply of houses for sale is still effectively no inventory,


As discussed below, this low inventory situation poses challenges for buyers to successfully obtain a Home of Choice, as well as opportunities for sellers. However, the quality, credibility, and experience of your agent will have a decisive impact upon your home selling or buying outcome.









bottom of page