Northern Virginia Real Estate and Community News Blog

George and I were talking yesterday about the extreme shortage of available homes to buy.  Inventory is at historical lows nationwide, and especially here in Northern Virginia.  We hear from agents almost every day asking us if we have clients ready to sell their homes.   If anyone is wondering if this is a good time to sell - well, depends on their circumstances and how much money they need to break even or make a little profit, but the demand from buyers is definitely there.  We expect that there will be many buyers who will not be able to buy - due to limited inventory and too much competition.  They'll wind up renting.  Which in turn, may drive rents up even higher.   If you are thinking of selling, contact us and we'll let you know how much you might be able to sell for and talk with you about selling strategies.  If you're wanting to buy a home, this is definitely a time when you need an experienced agent willing to fight hard to help you get the home you want - call us.