10/01/2025
🍂 Market & Rates Update
🏡 Wi******er, VA
Sales are up 7% with prices holding steady around $469,986. Homes are taking about 40 days to sell.
👉 Buyers: A little more time to shop and negotiate.
👉 Sellers: Steady demand means well-priced homes are still moving.
🏙️ Northern VA
2,000 homes hit the market, but sales dropped 16.5%. Average days on market is up to 28, and prices climbed to $916,239.
👉 Buyers: More options and less competition right now.
👉 Sellers: Rising prices show strong value, but strategy matters.
📊 Interest Rates
Rates are holding around 6.37% after the Fed cut rates in September. A possible government shutdown could delay key jobs data that impacts future rate moves.
👉 Buyers: Still lower than earlier this year, so good buying power.
👉 Sellers: Pricing your home competitively and presenting it well will help you take advantage of the active pool of buyers who are ready to move before rates change again.