Question: How do finance contingencies work in a competitive market?

Answer: For the past several years we have been experiencing a seller’s market in residential real estate. Buyer demand exceeds the number of homes available for sale. There have been plenty of news articles over the past few months that appear to question that, but for a lot of buyers out there, that is what they are experiencing. Realistically, we can expect to experience a seller’s market for a long time coming.


Question: How was the real estate market for the first half of 2023?

Answer: As we wrap up the first half of the year, the low inventory of available homes for sale continues to be a dominant factor in the local market. Despite the significant pullback in contract activity because of interest rates that edged near 7% by the end of June, home prices in Northern Virginia still rose in June and have risen year-to-date.


Comcast is proud to have served the Alexandria community for more than 20 years. We invest heavily in our technology, fiber infrastructure and local workforce to drive continuous innovation, reliability and deliver an excellent customer experience for residents and businesses throughout the region.

As the need for fast and powerful Internet continues to grow, we’re even more excited about what our Xfinity 10G Network means for residents and businesses in Alexandria now and into the future.


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