Northern Virginia Real Estate Prices, Sales Drop in April

In a word, the performance of the Arlington real estate market in April was dreadful. But there are some explanations in order.

Home sales for the month totaled 209, a whopping 28 percent decline from the 289 transactions recorded a year before, according to figures reported May 10 by RealEstate Business Intelligence, an arm of the regional multiple-listing service.

That decline in total sales was not unexpected, as sales last spring were buoyed by the federal tax credit, which injected some life into the market.

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Full Story from the Sun Gazette

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