Lack of inventory pushes up home prices in Northern Virginia | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: Low inventory and competition for homes in well loved areas near the city and Metro stations are impacting Northern Virginia this spring along with the rest of the Washington-area market. February statistics from the Northern Virginia Association of Realtors showed disparities from one location to the next, with year-over-year median prices up 21.4 percent in Falls Church City, 9.38 percent in Fairfax City and 5.06 percent in Alexandria, but down 1.57 percent in Arlington County. In general, homes are selling fastest and with multiple offers in Reston, Arlington and Alexandria, where there is less than a two-month supply of homes to meet current demand.)