Real Estate Market Update - March...

Real Estate Market Update - March 2024

Real Estate for Life di Home Estate Realty, Inc.

Note sull'episodio

This month’s real estate market update for March 2024 in Northern Virginia is all about the Spring Market. Home prices are up 4% from the previous month; closed home sales are up 27%, and home inventory is up 14%. The year is off to a great start. Mortgage interest rates have stayed between 6.5% to 7% for the last 2 months. Additionally, it seems to be holding steady. The latest Consumer Price Index (CPI) report also shows that the inflation rate is now 3.2,%, which is 0.1% more than the previous month. This all weaves together for a bright future for real estate.

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