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Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …

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by Chris Spiker
Real Estate
Most Expensive Homes Sold In Fairfax County In Last 30 Days Most Expensive Homes Sold In Fairfax County In Last 30 Days
Most Expensive Homes Sold In Fairfax County In Last 30 Days An $8.55 million home in McLean tops the list of the most expensive homes sold in Fairfax County in the last 30 days, according to Zillow. According to Redfin, in September 2024, home prices were up 10.4% compared to last year in Fairfax County, selling for a median price of $720,000. On average, homes in Fairfax County sell after 29 days on the market compared to 25 days last year, Redfin said.  The most expensive sales were all in McLean. They were: 1. 6727 Lucy Ln, McLean: Sold on Sept. 27 for $8.55 million 2. 7008 Benjamin St, McLean: Sold on Sept. 30 for approx. $…

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by Cecilia Levine