The above graph shows the a price index for the average selling price for all housing units sold in Northern Virginia. The graph is meant to show how the last 12 months has been very different from the 2 prior years. The housing boom is clearly over in Northern Virginia.
The divergence between the three series begins in the month of December. [I will also make a graph using the median price]. The data comes from the MRIS (Metropolitan Regional Information Systems, Inc. - MLS Resale Data).
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