January 2011 Market Update...
There were 1,564 closed sales in the Northern Virginia market in January, down 17.6% from a year ago (January 2010). The median sold price was $324,425, up 2.02% year-over-year. The average days on market increased to 73 days while the average sold price to average list price ratio declined slightly to 93.67%. Inventory declined in absolute terms (# of units) by 21.1%. At the same time the months supply of inventory declined 9.4% to 2.7 months. (Data fom RealEstate Business Intelligence, an MRIS company)
Check out our market data update pages for the following sub-markets: Fairfax County Market Updates
Loudoun County Market Updates
Prince William County Market Updates
Alexandria City Market Updates
Arlington County Market Updates