The local economy remained healthy throughout the 3rd quarter of 2019. Unemployment remains very low along with interest rates with no indication of either situation changing in the near future. Sales continued to grow throughout the FAAR footprint, with 5% more sales than a year ago. Median price rose sharply in the 3rd quarter, climbing $20,000 to $310,000 region-wide. All jurisdictions saw price gains, led by King George County, which saw an 11% increase in median sales price.
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