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Northern Virginia

Northern Virginia Is For Weak Housing: July 2007

August 27, 2007 | 3:00 pm |

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washington DC area, I was bombarded by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller


View the charts [BHicks.com]

Rising inventory, flat sales levels and prices slipping…same news as March 2007.

Here’s a sample of the charts available online.




  • The median price paid at the end of July, 2007 was $452,167, a decrease of 1% from the same time period 12 months earlier.
  • At the end of July, 2007, inventory was eight months, an increase of 24% from one year earlier.


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Northern Virginia Is For Slipping: March 2007

May 3, 2007 | 11:05 pm |

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washington DC area, I was bombarded by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller


View the charts [BHicks.com]

Rising inventory, flat sales levels and prices slipping…sound familiar?

Here’s a sample of the charts available online.




  • The median price paid at the end of March, 2007 was $442,336, a decrease of 3.6% from the same time period 12 months earlier.
  • At the end of March, 2007, inventory was six months, an increase of 46% from one year earlier.


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Northern Virginia Is For Lovers (And Real Estate?): January 2007

February 21, 2007 | 9:26 am |

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washington DC area, I was bombarded by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller


View the charts [BHicks.com]

Here’s a sample of the charts available online.




  • The median price paid at the end of January, 2007, 2006 was $433,153, a decrease of 1.6% from the same time period 12 months earlier.
  • At the end of January, 2007, inventory was 5.02 months, an increase of 175% from one year earlier.


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Northern Virginia Is For Lovers (And Real Estate?): December 2006

January 15, 2007 | 12:03 am |

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washington DC area, I was bombarded by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller


View the charts [BHicks.com]

Here’s a sample of the charts available online.




  • The median price paid at the end of December 2006 was $433,939, a decrease of 6.6% from the same time period 12 months earlier.
  • At the end of December 2006, inventory was 5.3 months, an increase of 78% from one year earlier.


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Northern Virginia Is For Lovers (And Real Estate?): November 2006

December 18, 2006 | 8:24 am |

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washing DC area, I was barraged by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller


View the charts [BHicks.com]

Here’s a sample of the charts available online.




  • The median price paid at the end of November, 2006 was $438,618, a decrease of 4.6% from the same time period 12 months earlier.

  • At the end of November, 2006, inventory was 7.4 months, an increase of 85% from one year earlier.


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Northern Virginia Was For Real Estate Lovers: October 2006

November 20, 2006 | 12:01 am |

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. His results are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washing DC area, I was barraged by “Virginia is for Lovers” tourism ads, and of course “DC is for US, by George”)] -Jonathan Miller

Note: Butch will be joining our regular writers on Soapbox with his own column shortly called “Hicks on Sticks”.


View the charts [BHicks.com]

Here’s a sample of the charts available online.




  • Median sales price for October 2006 was $436,313, down 5% from the same period las year.

  • Inventory is up 209% from the same period last year.

  • New offerings added to the market have been declining since June 2006 but contracts have too.


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