Direct Access To All Multiple Listings Like Realtors®

(Prices and inventory current as of Nov 30, 1999)

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Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Nov 30, 1999)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Great Falls, VA August 2024 Market Report

Great Falls, VA August 2024 Market Report


Welcome to The Stillwell Group Market Update. I’m Lee Stillwell.

If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.

According to Bright MLS, the marketplace for Great Falls, VA residential properties, here’s what happened in August Vs July 2024:

The number of sold listings increased by 17% to 14 properties, with a top sale of $3.6 million at 1204 Riley Preserve Ct

The Average Sales Price increased by 8% to $1.84 million, and the Average Price Per Square Foot is $385.

The inventory of properties available for sale is measured in months’ supply, and it decreased by 16% to 3.14 months’ worth of properties for sale.

The 30-year fixed mortgage rate is at an average rate of 6.2%, according to Freddiemac.com

If you’re thinking about buying or selling residential real estate now or in the near future, it’s essential to seek the guidance and advice of a professional real estate agent.

Thanks for tuning in. We’ll see you at the next Stillwell Group Market Update.