Why is the absorption rate crucial in understanding the current housing inventory situation in Northern Virginia and Stafford County? Mark Worrilow of Fathom Realty explains how this key metric helps buyers and sellers navigate the dynamic real estate landscape.
Mark has years of experience and a deep understanding of local market trends. His personalized approach ensures that you get the best possible advice and outcomes whether you are buying or selling. Mark has successfully helped numerous clients navigate the complexities of the real estate market, securing the best deals and selling homes quickly.
His knowledge of the absorption rate and other key market indicators gives you a competitive edge.
When people discuss the market, terms like ‘seller’s market’ or ‘buyer’s market’ are often used without clear definitions. The absorption rate provides this clarity by comparing the number of homes sold to those actively listed on the market. This metric indicates how quickly homes are selling and how long it would take to deplete the current inventory at the current sales pace.
In Stafford County, for instance, the absorption rate is approximately 1.5 months, meaning that if no new homes were listed, it would take about a month and a half to sell all available properties. This figure is crucial as it reflects the market’s pace and helps buyers and sellers make informed decisions.
Understanding the absorption rate is vital for sellers because it shows how fast homes are moving. This knowledge can help in pricing strategies and timing decisions, ensuring their property is competitively positioned in the market. On the other hand, buyers must be aware of this rate to avoid missing out on desirable properties in a fast-paced market.
Quick decision-making can be essential in securing a home.
The absorption rate also helps define whether the market favors buyers or sellers. An absorption rate of one to three months typically signals a seller’s market, which is the case in Northern Virginia and Stafford County. With strong demand and the region’s commuting advantages, this trend is expected to continue.
Understanding the absorption rate is more than just knowing a number; it’s about grasping the market dynamics that affect your ability to buy or sell a home. This knowledge empowers you to make more informed, strategic decisions in the real estate market.
Understanding the absorption rate is crucial to staying ahead in the fast-paced real estate market of Northern Virginia and Stafford County.
Contact Mark Worrilow today for a consultation and discover how his expertise can benefit you. You can make informed, strategic decisions and achieve your real estate goals with Mark’s guidance. Don’t miss out on this opportunity to work with one of the top real estate professionals in the region!
Prince William Public Libraries’ Summer Reading Program for 2024 is here, offering an exciting adventure for readers of all ages! Starting June 10 and running through August 11, participants can dive into a world of books and earn rewards.
This year’s theme, “Adventure Begins at Your Library,” encourages everyone to explore new genres, discover fascinating stories, and develop a lifelong love for reading. The program includes a variety of activities, from story times and book clubs to creative workshops and special events.
Readers can track their progress online and earn badges and prizes for reaching their goal of 500 minutes of reading. Whether you’re a young reader or an adult book lover, the Summer Reading Program has something for everyone.
Visit your local library or the Prince William Public Libraries website to sign up and start your summer reading adventure today!
Planning a graduation or special event? Dixie Bones BBQ makes ordering catering easy and stress-free, ensuring your celebration is both delicious and memorable.
How to Order
1. Visit the Website: Go to the Dixie Bones BBQ catering page.
2. Explore the Menu: Choose from a variety of BBQ dishes, sides, and desserts. They even offer vegetarian options!
3. Get a Quote: Fill out the online form with your event details, and receive a customized quote.
4. Customize Your Order: Work with the catering team to tailor your menu to your needs.
5. Confirm and Relax: Finalize your order and let Dixie Bones BBQ handle the rest, from preparation to delivery and setup.
Why Choose Dixie Bones BBQ?
– Quality Ingredients: Only the best ingredients for exceptional flavor.
– Expert Service: Experienced team dedicated to excellent service.
– Flexible Options: Delivery, setup, and full-service catering available.
– Customer Satisfaction: High praise and repeat customers.
Dixie Bones BBQ is perfect for graduations, birthdays, weddings, corporate events, and more. Visit their website to make your next event unforgettable with their hassle-free catering service today!
Stafford Adventist Church, located at 550 Joshua Road in Stafford, warmly invites Kindergarten through 5th-grade children to embark on an exciting journey during our Vacation Bible School (VBS)! Running on Wednesday evenings from June 12 to July 17, 2024, from 6:30 to 8 p.m., this event promises to be a delightful experience for all attendees.
Please bring your friends and family members to join us for an adventure that follows Ruth and Naomi’s journey from Moab to Bethlehem. Our VBS program is designed to engage children through captivating Bible stories, uplifting music, and creative crafts. Each session will help kids discover how God Always Keeps His Promises.
In addition to the enriching biblical lessons, children will enjoy various fun activities and delicious snacks. Our dedicated team is excited to create a welcoming and joyful environment where kids can learn, grow, and make new friends.
Don’t miss out on this fantastic opportunity to connect with the community and deepen your faith. We look forward to seeing you and your loved ones at Stafford Adventist Church VBS!
For more information and to register, please visit Stafford Adventist Church’s website.
Have you ever wanted to discover what kind of leader you truly are? To understand your community better than anyone else? To build life-long connections that strengthen you, your family, and your community?
If so, Leadership Prince William is the perfect opportunity for you.
The 10-month Leadership Prince William Signature Program is specifically designed to help you explore our community, increase your awareness of critical issues, and connect with other community leaders. By participating, you will be prepared to take on active, leading roles within your organization, community, and Leadership of Prince William itself.
Here’s what LPW offers:
- Broadens Your Horizons: Step beyond the familiarity of your industry and organization.
- Expand Your Network: Connect with a diverse group of community leaders.
- Enhances Your Leadership Skills: Gain a deeper understanding of your leadership strengths.
- Improves Collaboration: Learn how to work with those around you, including loved ones, effectively.
- Provides Eye-Opening Experiences: Develop a better understanding of your community through unique experiences.
- Inspires and Motivates: Feel driven to serve and make a difference.
- Boosts Confidence: Gain the confidence to lead and inspire others.
Join Leadership Prince William and unlock your potential as a leader while making meaningful connections and contributing to the strength of our community.
Upcoming Information Sessions
Thursday, May 23, noon-1:00 p.m. Northern Virginia Community College, 2645 College Dr., Woodbridge- Wednesday, May 29, 2024- 5:30 to 7 p.m. – Out of the Blue Seafood, 5005 Wellington Rd, Gainesville
- Friday, May 31, 2024- 8:30 -10 a.m. – Hampton Inn, 7295 Williamson Blvd, Manassas
- Wednesday, June 12, 2024- 9:00-10:30 a.m.- Sentara (SNVMC), 2300 Opitz Blvd, Woodbridge
- Wednesday, June 12, 2024- 5:30-7 p.m. – Sentara (SNVMC), 2300 Opitz Blvd, Woodbridge
Want to know more? Email us by the end of the day and get 3 FREE exclusive program tips we’re only sharing with Potomac Local Readers!
Looking for expert alterations to make your clothes fit perfectly? Tang’s Alterations, a trusted name in tailoring, has offered top-notch services for 25 years in Northern Virginia.
Their skilled team handles everything from simple hemming to complex bridal gown adjustments with precision and care. Committed to quality and customer satisfaction, Tang’s ensures your garments look and feel their best.
Visit Tang’s Alterations today for a perfect fit and unparalleled service!
At Dixie Bones BBQ, there’s more than just mouthwatering ribs and savory brisket simmering behind the scenes. Nestled within the heart of our kitchen is one of our best-kept secrets: Melanie.
For nearly two decades, Melanie’s family has been an integral part of the Dixie Bones family. Her mother, Claudia, has gracefully managed our front-of-the-house operations since 2005, while her father, Elpidio, helps at catering events, ensuring every gathering is a memorable one.
During her high school years, Melanie herself became a familiar face in our takeout area, charming customers with her warm smile and efficient service. Despite her bustling schedule, she excelled both academically and athletically, earning a full athletic scholarship for rowing and pursuing a degree in Criminal Science at college.
But even with her studies taking her far from home, Melanie’s heart remains tied to Dixie Bones. Whenever she returns for breaks and summer vacations, you can find her gracefully gliding between tables, expertly balancing trays, and ensuring every guest leaves with a smile.
And if you haven’t noticed already, Melanie’s braces are gone, revealing a smile as bright as the flavors of our signature barbecue.
“Good afternoon, passengers! This is your captain Leah speaking; welcome aboard flight 3WE with service from HopDrop to Strawberry Don’t Haze Me, Bro! Our estimated time of departure is 12:00PM and the weather looks great for your flight through the Water’s End Taplist!
As we prepare for takeoff, enjoy your first half-pour of HopDrop. Named after the W.E. logo, this light IPA has notes of citrus flavor and is the perfect start to any flight. Who said a layover can’t be fun? Throw on your beads and get ready to sip on the Mardi Gras 2024 Bière de Garde.
This once-a-year brew is the perfect connection between the two IPAs that you’ll enjoy during your flight. As a malty brew girlie myself, I always look forward to the subtle sweetness that comes through on this brew. Before your tray goes up in preparation for landing, take a sip of your Strawberry Don’t Haze Me, Bro! a passenger favorite and favorite of mine as well! This juicy brew has the perfect amount of fruitiness without overpowering what we love about the original Don’t Haze Me, Bro!
Ladies and gentleman, on behalf of the W.E. Brew Crew, I’d like to welcome you to your destination. The weather is good and there’s still plenty of time to get those frequent flyer miles up and catch another flight. Thanks for journeying with me, cheers!”
– Leah
Order the recommended beertender featured flight of the week and receive $1 off, Beer Club Members receive an additional $2 off! Subscribe to the weekly W.E. Brew Bulletin to learn about why your beertender selected these three brews to be featured!
Follow Water’s End Brewery on Facebook and Instagram for information about great neighborhood events and news from our taprooms.
Water’s End Brewery in Lake Ridge
571-285-1997
12425 DILLINGHAM SQUARE
LAKE RIDGE, VA 22192
Water’s End Brewery at Potomac Mills
571-398-0342
14397 POTOMAC MILLS ROAD
WOODBRIDGE, VA 22192
Earn top dollar with full benefits!
When you join the Electrical Alliance, you get to contribute to the biggest projects in the area, all while earning top dollar and employer paid benefits.
As an Electrical Alliance worker, you get:
- Salary Range $11.50-$54.00/Hour
- Paid Apprenticeship
- Continuing education to advance within the industry
- Safer working conditions and top-tier safety training
- Full Family medical care, eye care, dental care, and EAP programs
- Paid time off
- Employer Paid Retirement Benefits: Pensions and Annuity
This opportunity is open to electricians with 3 to 11 years of experience.
