By Lynn Norusis

The Northern Virginia housing market continues on its upward trajectory and looking to the spring one can only guess as to what will happen with the Fed raising interest rates and how that will effect the real estate market.

The February 2022 numbers show an increase in both median sale price—up 6.6% to $697,375—and average sale price—up 8% to $714,481. New listings were down 2% and overall housing inventory was down 43.3%.

Some areas of note for buyers and sellers who are in the market right now are focused on in our video below.