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Northern Virginia Is For Weak Housing: July 2007

by Jonathan Miller | @jonathanmiller
August 27, 2007 | 3:00 pm |
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Washington DC Northern Virginia

[This market recap on the Northern Virginia from MLS data is compiled by [Butch Hicks](http://bhicks.com), a former president of [RAC (Relocation Appraisers and Consultants)](http://www.rac.net) (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](http://www.bhicks.com/statistics.htm), 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]](http://www.bhicks.com/statistics.htm)

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

by Jonathan Miller | @jonathanmiller
May 3, 2007 | 11:05 pm |
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Washington DC Northern Virginia Market Reports

[This market recap on the Northern Virginia from MLS data is compiled by [Butch Hicks](http://bhicks.com), a former president of [RAC (Relocation Appraisers and Consultants)](http://www.rac.net) (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](http://www.bhicks.com/statistics.htm), 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]](http://www.bhicks.com/statistics.htm)

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

by Jonathan Miller | @jonathanmiller
February 21, 2007 | 9:26 am |
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Washington DC Northern Virginia Market Reports

[This market recap on the Northern Virginia from MLS data is compiled by [Butch Hicks](http://bhicks.com), a former president of [RAC (Relocation Appraisers and Consultants)](http://www.rac.net) (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](http://www.bhicks.com/statistics.htm), 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]](http://www.bhicks.com/statistics.htm)

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

by Jonathan Miller | @jonathanmiller
January 15, 2007 | 12:03 am |
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Washington DC Northern Virginia Market Reports

[This market recap on the Northern Virginia from MLS data is compiled by [Butch Hicks](http://bhicks.com), a former president of [RAC (Relocation Appraisers and Consultants)](http://www.rac.net) (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](http://www.bhicks.com/statistics.htm), 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]](http://www.bhicks.com/statistics.htm)

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

by Jonathan Miller | @jonathanmiller
December 18, 2006 | 8:24 am |
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Northern Virginia Market Reports

[This market recap on the Northern Virginia from MLS data is compiled by [Butch Hicks](http://bhicks.com), a former president of [RAC (Relocation Appraisers and Consultants)](http://www.rac.net) (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](http://www.bhicks.com/statistics.htm), 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]](http://www.bhicks.com/statistics.htm)

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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1 Comment

Northern Virginia Was For Real Estate Lovers: October 2006

by Jonathan Miller | @jonathanmiller
November 20, 2006 | 12:01 am |
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Northern Virginia Market Reports

[This market recap on the Northern Virginia from MLS data is compiled by [Butch Hicks](http://bhicks.com), a former president of [RAC (Relocation Appraisers and Consultants)](http://www.rac.net) (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](http://www.bhicks.com/statistics.htm), 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](http://soapbox.millersamuel.com) with his own column shortly called “Hicks on Sticks”.


[View the charts [BHicks.com]](http://www.bhicks.com/statistics.htm)

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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About Jonathan Miller

Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state and federal courts. He holds the Counselors of Real Estate (CRE) and Certified Relocation Professional (CRP) designations. He is an Appraiser “A” Member of the Real Estate Board of New York and a member of Relocation Appraisers and Consultants, Inc.
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