It's Northern Virginia Real Estate Market Update Time! Once again, The Northern Virginia Association of Realtors has published the Year-To-Date Market stats through October 2008 for the following counties and cities: Arlington & Fairfax County, the cities of Falls Church, Alexandria, Fairfax, and the towns of Herndon, Vienna, and Clifton. See stats below:
Total Year to Date Sales
2008: 14,970
2007: 15,778
Total October Sales
2008: 1,457
2007: 1,123
Average Sales Price
2008: $427,402
2007: $520,829
Average Days on the Market
October 2008: 94
October 2007: 89
Absorption Rates (ie. # of months to sell through the current supply of inventory)
October 2008: 6.04
October 2007: 9.23
I'm always available for more statistics for the area, or specific areas. Call anytime: 703.283.6120
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