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region’s short housing supply takes its toll in northern virginia

region’s short housing supply takes its toll in northern virginia News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



region’s short housing supply takes its toll in northern virginia

the six-bedroom, five-bathroom house at 3173 elm ct. in triangle, va., is listing for $489,000. (by mir photography)the lack of homes for sale has taken its toll on the housing market in northern virginia as it has in other markets. in every jurisdiction in northern virginia, there’s only a little over one month’s supply of homes on the market, says andrew strauch, vice president of bright mls in rockville, md. a balanced market has about a six-month supply of homes.“the number of active listings was down 18 percent in february compared to february 2017 in northern virginia,” says strauch. “hopefully, part of the reason listings were so low is that the milder weather for much of the winter made the buying season robust in january and february.”the number of homes that sold in ...