You may have heard that the real estate market is slowing down a bit — but is it, really?
“It was still crazy — don’t get me wrong — but it wasn’t significantly crazier” than past months, according to Bethany Stalder of Fidelis Property Group at Keller Williams in Alexandria.
Median sale prices in June were up 1.7 percent from the prior month, which was “modest” compared to the increases from earlier this year. Homes are still spending about one week on the market, which seems to indicate that buyers are still very motivated and competition for both single-family homes and condos is high.
The most competitive ZIP codes were 22308 and 22315.