The housing market is recovering very nicely in Fairfax, Northern Virginia.
Median Sales price have increased by 8% and Units Sold down by 2%.
What does this mean? More people are preferring to keep their homes from selling and are looking to sell on the uptrend, maybe at the peak.
Is this a good sign of Housing Market Recovery?
Does Sequestration and Budget Cuts have a bearing on Sales? We won't know until a year from now. This state has been immune to nation-wide economic downturn, as Federal spending weren't impacted. It might be different this year as the region and workers braces budget & spending cuts for 2013.
Let's catch up a year from now on this Post.
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