Your purchase budget should begin with costs you can comfortably afford, not a townwide price. Let's connect that financial boundary to the homes you want to consider.
For Annandale's single-family homes, condos, townhouses and apartments, the latest market report lists a typical sale price of $785,000. The typical asking price among homes listed for sale was $643,450. Housing supply, measured in months, was 2.1 months. Asking prices describe listed homes, while sale prices describe completed sales, so their difference does not establish a discount.
I would use these prices as search context rather than treating either amount as the budget you should adopt. Your monthly payment and money needed at closing deserve separate attention because an acceptable purchase price must work within both. Keeping a reserve for repairs also gives you a clearer basis for deciding whether a home fits your finances.
Ask your lender to explain payment estimates and the money needed at closing for the properties you are considering. Write down the maximum price you are comfortable offering before touring homes that stretch your budget. Review recent sales of similar homes with me to connect your spending boundary to realistic property choices.
