In One Chart: This one chart shows how crazy Amazon is making the Northern Virginia housing market

The “Amazon effect” is still buffeting Northern Virginia. But instead of disrupting industries and putting brick-and-mortar stores out of business, the retail behemoth is dashing the hopes of home buyers.

The infographic above shows just how frenzied the market in Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City has become since Amazon.com Inc. AMZN, -0.05% announced plans to locate a second headquarters there.

Just one metric – price – might be enough to prove the point. The average selling price in March was 4.3% higher than the average selling price in February, which in turn was 1.1% higher than the average in January.

>>> Original Source <<<