NVAR November Statistics

The Northern Virginia Association of Realtors has published November Statistics. These numbers reflect a surge in sales as first time homebuyers rushed to meet the expiring tax credit. It will be interesting to see what December’s and January’s numbers bring. Also, most lenders have put a holiday moratorium on foreclosures. We will see this reflected in inventory in the next couple of months so keep this in mind when viewing inventory statistics in the beginning of next year.