Spring Season 2005 vs 2006 in Northern Virginia

The spring season has been a real bummer for the housing industrial complex in Northern Virginia. Northern Virginia (NVAR) includes according to the MRIS "County, Fairfax City, Arlington County, Alexandria City, & Falls Church City, VA (NVAR) "

In Nothern Virginia, the 2006 spring selling season has been very weak. Whereas, in 2005 median selling price rose 4.4% from March to April, in 2006 median prices fell .3% between those same two months.

Historically, March and April are very strong months for median price growth. If the median price numbers are declining or basically stable in the spring season, it will most probably mean large price declines in the weaker fall and winter months.

These are the Virginia inner suburbs of Washington, DC. Statistics from the Metropolitan Regional Information Systems, Inc (MRIS).