‘Amazon Effect’ Invigorates Northern Virginia’s Housing Market

Photographer: Andrew Harrer/Bloomberg
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Home prices in Arlington County, Virginia, are likely to reach their peak in July with a median sales price of $675,640, according to a report from the Northern Virginia Association of Realtors.

Listing prices have remained robust in the Arlington housing market following Amazon.com Inc.’s November announcement that it’s building a second headquarters in the region. Median home prices in the county are projected to increase 17.2% by the end of 2019.